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:
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 mining insurance, you can tackle these events head on with confidence if they do arise.
What are the key risks?
- Land cave-ins
- Workers’ compensation
- Ongoing health risks including dust and mercury inhalation
- Gas explosions or chemical leakage
- Professional negligence claims made against you
- Machinery breakdown
- Injury or death due to heavy loads or falls
How can we help?
Our Mining and Resources Industry Insurance Specialists can assist with insurance program design, placement and risk advice.
With a solid understanding of your industry and access to a global insurer network, our specialists are able to deliver reliable protection to your business at highly competitive rates.Why Choose Us?