Insurance for the Mining Industry
Mining corporations, as in many industries, have adopted an integrated employee, consulting and contractor workforce model. This provides the ability to bring in external expertise as-and-when required, and to both ramp up and ramp down the workforce depending upon the stage of a project, whether it be in construction or operational phase, and then be in a position to swiftly change based on the demand for the chosen mineral from the market.
Contractors and consultants working in the mining industry will typically have certain requirements for their insurance due to contractual agreements in place.
Specialist insurance broker with access to specialist markets
Business Insurance Specialists provides insurance for a full range of occupations, for both white and blue collar work activities on mine sites, including:
- Mobile plant operators
- Environmental and Rehab consultants
- Rock bolters
- Underground contractors
- Mining and Metallurgy consultants
Mining contractor insurance is a simple method of reducing risk by offlaying this to the insurer, in tandem with appropriate risk management methods.
Risks to consultants are more than just financial loss from advice or injury to others. Additional risks to be considered should include Cyber cover for exposures arising from data loss, and also Management Liability for directors or management.
I am a mining consultant. Can you review my contract indemnity and insurance clauses and provide advice to reduce my risk?
A Mining company when taking on consultants or contractors may require you to carry your own risk and insurance.
Due to their being the potential of major production loss which ultimately can cause large financial loss on a mine-site, we recommend you undertake a review of your contract before signing to appreciate the level and responsibility of risk being taken. Be cautious. To assist, as a client of Business Insurance Specialists we can refer your contract to legal counsel who will be able to review both your insurance liability and professional indemnity policies against your contract and assist you by providing formal advice. This advice can be used in negotiations with the mine site.
Business Insurance Specialists can provide a no-obligation quotation for your insurance. Contact us today on 07 3139 3900 for a discussion on your insurances.