Offshore & Renewables

To learn more about NorthStandard’s P&I cover for the offshore and renewable energy (O&R) industry, please visit the dedicated Offshore and Renewables section on our NorthStandard website.

Offshore & Renewables

Related content

• Standard Club Offshore Advisory Committee

Frequently Asked Questions

What is Offshore & Renewables P&I cover?

Offshore & Renewables P&I cover is a type of insurance that protects ship owners operators, and charterers from  liabilities, costs and expenses arising from the operation of their ships in the offshore and renewable energy sector.

What services does Standard Club's Offshore & Renewables division provide?

Standard Club's Offshore & Renewables division provides an end-to-end, integrated service that offers expertise and all-round, in-depth support, including underwriting, loss prevention, and claims handling. Our team also provides a contract review service to assess members' liabilities and advise on the implications for P&I cover.

What are the main types of offshore P&I cover offered by Standard Club?

Standard Club offers two main types of offshore P&I cover: Offshore Extension and Standard Offshore Rules. Offshore Extension covers risks excluded from mutual P&I cover, such as specialist operations and property on board, while Standard Offshore Rules offers fixed premium offshore P&I cover with flexible extensions for additional liabilities, war risks, and biochemical risks.

Is Standard Club's Offshore & Renewables division global?

Yes, Standard Club's Offshore & Renewables division has expertise within its offices in London, New York, and Singapore and can support businesses across the globe throughout the entire life cycle of their operations.

What is the contract review service offered by Standard Club?

As part of our service to members, we provide individual contract reviews. Our reviews clarify how members’ P&I cover responds to liabilities under the contract and/or highlight where terms are particularly onerous and, as a consequence, special terms need to be applied to provide cover. 

What is the advantage of using Standard Club's Offshore & Renewables division for P&I cover?

Standard Club's Offshore & Renewables division provides a unique service by offering offshore and renewables underwriting, loss prevention, and claims expertise in one dedicated division. With almost 50 years of experience, our dedicated Offshore and Renewables division provides members and brokers with an end-to-end, integrated service offering expertise and all-round, in-depth support.

We aim to work with organisations to mitigate risks and boost safety. Our members are typically market leaders and often pioneers, so we believe their specialist operations require a bespoke approach. We seek to tackle problems head-on, enabling us to protect, support, and guide organisations during their ongoing, everyday activities and as they continue to transition into new ventures.