Mining pairs high-value, hard-working equipment with some of the most demanding physical environments in industry — remote sites, heavy plant, and hazards above and below ground. Mining insurance is built to manage that particular combination.
What mining insurance is
Mining insurance is a programme coveringextraction and processing operations, heavy mobile plant, buildings and infrastructure, and the associated liabilitiesof a mining business — surface and underground alike.
The insurance challenges in mining
Mining underwriting has to contend withremote locations, very high-value machinery, underground hazards, significant environmental exposure and catastrophic-accident potential— a risk profile that few other industries share.
The main covers
Property / all-risk
Processing plant, buildings and fixed infrastructure.
Heavy mobile plant
Draglines, excavators, haul trucks and loaders.
Machinery breakdown
Internal failure of critical plant and equipment.
Liability & environmental
Third-party, pollution and community exposures.
Managing underground risk
Underground operations bring their own perils —collapse, flooding, fire and explosion, and ventilation failure— requiring specialised underwriting and careful policy structuring to ensure these exposures are genuinely covered.
Heavy mobile equipment
Mining runs on enormous, high-value mobile machinery. Cover addressesown damage, overturning, and mechanical and electrical breakdownof this equipment, whose loss can halt production and cost a fortune to replace.
Business interruption & transit
Programmes commonly addbusiness interruptionfor lost production following a covered loss, andmarine/transitcover for moving output to market and equipment to site.
Who needs it
Mining companies, mining contractors, mineral processors, and owners of heavy mining equipment.
What it does not cover
Typical Exclusions
- •wear and tear and gradual deterioration;
- •gradual pollution, unless environmental cover is arranged;
- •certain subsidence and geological events, depending on wording;
- •war and nuclear risks.
How Aurevian helps
Aurevian helps youvalue and schedule heavy plant correctly, structure surface and underground cover, add business-interruption and environmental protection, and manage claimsin a class where site conditions and equipment values drive both risk and price.
“Mining rewards scale — and a single stopped machine or flooded shaft is exactly where that scale turns against you.”
