Insurance for Energy Businesses and Operations

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There is a wide variety of operations and businesses that can be classified as energy related: coal or chemical mining, petroleum refining, oil distribution, pipeline and terminal facilities, to name a few. Outwardly these energy business look different. But they have a lot in common.

The climate for energy businesses, and insurance needs and solutions, are evolving rapidly. New regulations, different economic realities, new and emerging energy sources like wind, solar, biofuels, and clean coal have to be assessed on a continuing basis.

Potential loss is high for many energy businesses, both in the value of business property and equipment and operations, but also because of significant casualty exposures. Because of that loss potential energy businesses often need high limits of insurance. Making insurance protection affordable and practical often means undertaking aggressive risk management programs, self-insurance retention programs, or large deductibles.

The Energy Insurance team at Mike Preis Insurance can help you sort through the best ways to protect your equipment, and legal liability risks. Our team has over 20 years experience and has worked with a large variety of Energy Service Clients throughout the area.

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