Protecting a changing industry
The mining and resources industry has taken some hard knocks in recent times with commodity prices consistently declining among other factors. In order to stay relevant and survive in the current landscape, you need to think differently and adapt to the changing conditions.
According to Deloitte, some of the ways you can do this is by:
- Going lean and cutting costs – focusing more on productivity and efficiency
- Embracing and leading innovation – reinventing the wheel and coming up with new and more effective ways of doing things, particularly using new technology
- Preparing for the inevitable change in energy demand – Moving away from thermal coal as the world’s primary energy source to meet renewable energy source demands – changing the way you view commodities.
In addition to the above factors you need to wrap your head around to stay relevant, it’s no secret that the mining profession can also be very dangerous. There are many day to day risks you need to be prepared for, as well as occasional major catastrophes and large scale incidents.
By getting the right marine insurance, you can tackle these events head on with confidence if they do arise.
What are the risks?
What can we do for you?
We have an experienced, specialised team dedicated to understanding the risks in the Mining and Resources industry. We can provide you with a range of robust mining insurance and resource insurance solutions tailored to your industry to meet your individual needs.