Carbon capture and storage (CCS) insurance solution

Move from concept to commercial deployment with confidence

Why CCS operators choose Willis

Our Willis, a WTW business, CCS insurance solution is the first fully integrated insurance suite designed specifically for developers and operators of CO₂ capture, transportation and storage infrastructure, adapting property, upstream energy, marine, liability and environmental protections to the unique risks of CCS operations.

Our solution supports clearer risk allocation and coverage designed to address bankability considerations, aligned with regulatory and carbon credit requirements and applicable to developers, emitters, operators and investors across every stage of the project lifecycle.

Willis’ service offering goes beyond traditional insurance coverage, delivering:

• Knowledge sharing workshops on best practice
• Risk engineering support during the FEED phase
• Contract review and advice on contractual risk allocation to maximize insurability and reduce retained risk
• Support with lenders and regulators
• Bespoke insurance cover tailored to the individual needs of the project

Core CCS coverage pillars

For developers and operators of capture infrastructure

• Erection all risk insurance including delay in start-up
• Property damage and business interruption for operational capture infrastructure
• Contingent business interruption resulting from incidents downstream of the capture plant
• Third party liabilities including terminal operators’ liability where required
• Protection for losses caused by off spec CO₂
• Leakage event costs - covering a full suite of corrective measures following unintended CO₂ release
• Carbon credit scheme(s) costs protecting operators from financial exposure under mandatory carbon credit regimes and contractual arrangements
• Carbon credit non-delivery insurance to protect you from penalties in offtake contracts

For CO2 transport and storage operators

• Construction all risk insurance including delay in start up
• Property damage for all operational CCS infrastructure including measurement, monitoring, and verification (MMV) systems
• Specialist marine hull and cargo protection for CO₂ carrier vessels and CO₂ cargo in transit
• Loss of injection, transport and storage income resulting from value chain downtime
• Operator’s extra expense - specialist well control cover for CCS injection and monitoring wells
• Leakage event costs, covering a full suite of corrective measures following unintended CO₂ release
• Carbon credit scheme(s) costs protecting operators from financial exposure under mandatory carbon credit regimes and contractual arrangements
• Third party liability including plume migration liability

Build bankability and resilience: Why risk management matters

CCS projects face first-of-a-kind risks, complex contractual structures and evolving regulatory obligations.

Willis' CCS solution is designed to support bankability considerations, risk transfer clarity and operational resilience, helping provide operators and emitters with greater confidence when evaluating investment and scale up of CO₂ capture, transportation and storage infrastructure.

For more information on CCS risk management please contact our team.