Operating a storage terminal without a specialized insurance and surety program not only puts the investment at risk, but also the authorization to operate. We help you protect both.
Sectors / Infrastructure /
Storage terminals
Comprehensive protection for critical energy sector infrastructure
Hydrocarbon and petroleum product storage terminals are an essential link in the country’s energy supply chain. They operate with large volumes of flammable and hazardous products, which implies elevated risks and the need to comply with strict regulations. With the proper insurance and surety backing, it is possible to guarantee operational safety, environmental protection, and business continuity.
Main Risks in Storage Terminals:
- Operational risks: equipment failures, leaks, fires, and explosions resulting from the handling and storage of fuels and chemical substances.
- Environmental risks: contamination due to spills,impactson soil and bodies of water, which may generate fines and regulatory sanctions.
- Security risks: sabotage, acts of vandalism, or theft, including illegal taps.
- Regulatory risks: compliance with environmental, industrial safety, and quality control regulations imposed by ASEA, CNE, and other authorities.
- Financial risks: interruption of operations.
What regulations must storage terminals comply with in Mexico?
Terminals must comply with regulations of the Agency for Safety, Energy and Environment (ASEA), the National Energy Commission (CNE), as well as federal and state environmental regulations for the handling of hydrocarbons and hazardous waste.
Why is environmental insurance essential?
Because environmental insurance protects you against spills, leaks, or contamination, covering the costs of cleanup, remediation, and legal liabilities, which are usually very high. A single incident can translate into multimillion-dollar costs, fines, temporary suspension of operations, and reputational damage.
In addition, it is essential to comply with the requirements of ASEA and other regulatory authorities.
Is business interruption insurance useful in a storage terminal?
Yes, because this insurance protects the terminal against economic losses resulting from the suspension of activities due to covered physical damage, such as fires or explosions, and covers additional expenses to maintain operations or accelerate recovery.
