Cover for your vehicle and the people you share the road with
Energy Takaful is written for businesses that import, store, move and distribute fuel, and for those that generate power. Energy Property All Risks Takaful protects storage tanks, terminals, pipelines and fuel stock against sudden physical loss or damage. Energy Third-Party Liability Takaful protects you against claims from neighbours and the public for injury or damage caused by your operations, and Energy Package Takaful brings the main covers for your operation together.
Because energy values can be large, Retakaful protects the participants' risk fund that pays claims. Kalkaal manages that fund as Takaful operator for a disclosed Wakala fee.
To get started, send an enquiry. A Kalkaal advisor explains the cover, exclusions and contribution before you decide.
Why this cover
- Cover designed for tanks, terminals, pipelines, fuel stock and generating plant
- Third-party liability cover for the neighbours and public around your sites
- A package option that brings the main covers for your operation together
- Retakaful behind the fund, for the large values typical of energy sites
Your contribution What you pay for your cover. Part of it is Tabarru’ to the shared fund.Glossary goes into a shared fund that pays eligible claims; Kalkaal manages the fund for a disclosed Wakala Agency: participants appoint Kalkaal to manage the fund for an agreed fee, disclosed in your quotation and schedule.Glossary fee.
Cover options
Energy Property All Risks Takaful
Covers fuel storage tanks, terminals, pipelines, buildings and stock against sudden physical loss or damage, unless excluded.
Energy Package Takaful
Brings the main covers for an energy operation into one package, arranged around your sites and activities.
Energy Third-Party Liability Takaful
Covers your legal liability to third parties for injury or property damage caused by your energy operations.
What’s covered
- Fire and explosion at fuel depots, storage tanks and terminals
- Physical loss of or damage to pipelines, pumps and loading equipment
- Loss of or damage to fuel and other stock in storage
- Power plant buildings and equipment damaged by fire, lightning, storm or flood
- Your legal liability for injury to third parties or damage to their property
- Sudden and accidental pollution affecting third parties, where your schedule includes it
- Debris removal and clean-up after a covered loss, as stated in your schedule
Not covered and conditions
- Gradual seepage, leakage or contamination
- Normal shrinkage, evaporation and handling loss of fuel
- Mechanical or electrical breakdown, which is covered under Engineering Takaful
- Loss caused by not following the safety and fire-protection conditions in your schedule
- Fines, penalties and punitive damages
- Wear and tear, corrosion and lack of maintenance
- Full exclusions, waiting periods and deductibles are set out in your quotation and policy wording.
ClaimsHow claims work
How to claim
- Make the site safe, contain any spill and call the emergency services where needed.
- Take reasonable steps to limit further damage and loss of stock.
- Record tank levels and stock as soon as it is safe to do so.
- Do not admit liability to third parties or agree to pay them. Send their letters to Kalkaal.
- Notify Kalkaal within the period stated in your schedule.
Documents you will usually need
- Completed claim form
- Your incident report, and the fire brigade or civil defence report
- Stock records before and after the incident, such as tank dip readings
- Photographs and site plans showing the damage
- Repair estimates or invoices
- Any claim, notice or legal papers received from third parties
- Records of clean-up work and its cost
What you’ll need for a quote
- A site plan showing tanks, pipelines, buildings and neighbouring property
- Storage capacity, the products you hold, and your average and maximum stock
- Fire-fighting, detection and safety systems at each site
- Values of buildings, plant, pipelines and stock, such as an asset register
- Your operating licences and safety inspection reports
- Annual throughput, or generating capacity for power producers
- Details of past losses, spills and incidents
FAQs
Should I choose Energy Package Takaful or separate covers?
A package brings the main covers for your operation together, which can make your cover simpler to manage. Separate covers can suit businesses that need one specific cover, or that already hold some protection elsewhere. A Kalkaal advisor looks at your sites, stock and activities and explains the options before you decide.
Is pollution covered?
Gradual seepage, leakage and contamination are not covered. Sudden and accidental pollution that injures third parties or damages their property may be included under Energy Third-Party Liability Takaful, where your schedule says so. Good safety and spill-response procedures matter, and a Kalkaal advisor will ask about yours.
Are breakdowns of generators and pumps covered?
Energy Property All Risks Takaful covers sudden physical loss or damage, such as fire or explosion, but not internal mechanical or electrical breakdown. Breakdown of generators, pumps and other plant can be covered under Machinery Breakdown Takaful, described on the Engineering Takaful page. Ask a Kalkaal advisor how the two can work together.
You may also need
Medical cover for your family and your workforce
Cover for your cargo, your vessels and your port operations
Request a call back
Prefer to talk it through?
Leave your number and a Kalkaal advisor will call you back at a time that suits you, in your language.