Energy and Mining Risks
With a constantly increasing demand for mining materials and a changing world, energy and mining operations are facing new challenges and new exposures to loss every day.
Like all industrial sectors, the Energy and Mining industries face many operational risks – and every company faces challenges. The location of your operation, the materials you use and transport, and the complexity of your supply chain all impact your risk profile and your insurance needs.
In such complex businesses, risk identification and emergency preparedness is vital for your bottom line, your reputation, and the environment. It is important understand that your business and your sector are dynamic, and that risk plans need reviewing, testing and re-communicating on a regular basis.
The following risks fall into the Energy and Mining scope of cover:
- Abandonment
- Advance payment bonds
- Business interruption
- Contract works
- Delayed start up covers
- Down hole coverage
- Employers Liability
- Expat insurance programmes
- General third-party liability
- Performance bonds
- Reinstatement bonds
- Subsidence liabilities
- Underground and surface machinery
- Worker to worker liabilities