Energy Industry
You need a partner that can help you mitigate complex exposures and build your workforce with benefits that protect your margins and your people, anywhere you do business.
Breaking Down Risk with Energy Industry Insurance Solutions
Energy companies – from traditional oil and gas to renewable energy innovators – face high operational, environmental, cyber and regulatory risks. NFP is uniquely able to provide customized energy insurance at the most competitive rates. Our risk management solutions address complex exposures through comprehensive insurance programs and risk management solutions for businesses across the energy value chain.
We combine deep sector knowledge with proprietary analytics to help clients mitigate risk, ensure regulatory compliance and protect capital-intensive operations.
We can help your organization manage risks through solutions such as:
Environmental Liability Coverage
Protection against pollution events, remediation costs and regulatory penalties.
Property and Equipment Breakdown Insurance
Protection for refineries, drilling rigs, wind farms and critical energy infrastructure.
Cyber Liability
Defense against attacks on industrial control systems and energy grids.
Workers’ Compensation Programs
Specialized programs for field workers, rig crews and renewable energy technicians.
Business Interruption and Contingent Business Interruption
Financial protection against operational downtime due to physical or supply chain disruptions.
Directors and Officers Liability
Protection for leadership against governance-related claims and ESG scrutiny.
Actuarial Modeling
Measure and compare cash flow, loss forecasts, loss development for key data that can assist with captive structures.
Protect your energy business with insurance and risk management.
Connect with an NFP advisor today.
Building a Resilient Workforce in the Energy Industry
NFP specializes in helping energy, power and renewables companies protect their workforce and future. We go beyond insurance placement with integrated solutions that combine data-driven risk analysis, occupational health and safety, medical and Rx cost control and people-first workforce strategies. From field crews to executive leadership, we help you manage risk and rewards at every level.
Regardless of if you’re upstream, midstream, downstream or renewables-focused, your people are your frontline defense against costly missteps.
We can help you with solutions such as:
Medical and Rx Transparency Solutions
Controlling rising healthcare costs for remote, distributed workforces with benchmarking tools like Network Check and pharmacy carve-outs.
Occupational Health and Disability
Improving workforce protection with job-specific income replacement, safety consulting and claims support.
Executive Benefits and Succession Planning
Retaining top engineering and operational leaders with incentive structures that balance market volatility.
Human Capital and Compliance
Workforce analytics, onboarding and inclusion and belonging support for diverse, multi-location energy teams.
Financial Wellness and Retirement
Retirement plan design and financial literacy tools for oilfield and renewables staff, and benefits like nonqualified deferred compensation for key people
Wellbeing and Mental Health
Resources to reduce stress and fatigue for field workers and leadership alike.
The Problem
The client, an organization in the agriculture/energy industry, was merging two legacy companies and needed help consolidating the previous benefits plans for their roughly 2,000 employees. It became clear that previous current benefits advisors could not consult at a strategic level to consider overall business impacts or the best recommendations of plan design moving forward.
The NFP Solution
NFP completed a due diligence analysis and recommendations for consolidating benefit plans. We created a digital benefits guide with the client’s new merged brand and clear, comprehensive communication about the changes coming with the benefits and HRIS integration. The team’s coordinated efforts ensured the client received holistic total rewards advice and support that their past advisory partner could not provide.
“We know that every step forward in the energy industry comes with its own set of risks and opportunities. That’s why we’re here for you. Our goal is to partner with you to create personalized strategies that not only protect your valuable assets but also align with your long-term vision. Together, we can navigate the challenges ahead and help your business thrive.”
Vilma Vanegas
Senior Vice President, Energy Practice Leader
Our Expertise in Action
See how our experts are implementing solutions for today's risk, workforce, wealth management and retirement challenges.
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We’re here for you, whether you know exactly what you need or just know you need a partner to help advocate for your business, your people or your life.
