Insurance shaped around the actual work being performed

Resource and energy risks are highly dependent on the work scope, mine or project location, principal requirements, plant values, subcontracting and contractual obligations. A contractor working on a mine site can present a very different risk from an equipment supplier, consultant or operational service provider.

Businesses we can assist

• Mining and civil contractors
• Plant and equipment contractors
• Equipment suppliers and wholesalers
• Maintenance and shutdown contractors
• Engineering and technical consultants
• Energy-sector contractors
• Specialist service providers to mining and resources
• Companies supplying products into mine and industrial sites

Public and products liability

Liability insurance is often central to resource-sector programs. Insurers may consider work at height, underground work, hot work, drilling, blasting proximity, shutdown work, principal-controlled sites, contractual liability and the use of subcontractors. Products exposures are also important where equipment, components or fabricated items are supplied.

Plant, equipment and mobile assets

Contractors may need cover for owned or hired plant, machinery, tools and mobile equipment. Cover can differ significantly for accidental damage, theft, breakdown, wet hire, dry hire and transit between sites.

Motor fleet and heavy vehicles

Resource businesses often operate mixed fleets, including utes, trucks, service vehicles and specialist vehicles. Fleet structure, radius of operation, driver profile, claims history and mine-site use can affect insurer appetite and pricing.

Contract works and project risks

Where a business undertakes construction, installation or project work, contract works insurance may be required for physical loss or damage to the works, materials and related property, subject to the project and policy structure.

Professional and design exposures

Engineering, design, project management, specification or advisory work can create professional indemnity exposures. Where design and construction are combined, D&C professional indemnity may be relevant.

Contractual insurance requirements

Mining and energy principals often impose detailed insurance requirements. We can compare insurance requirements against the policies being arranged and explain where the policy response may differ. We do not provide legal advice on contractual obligations.

Information insurers commonly request

• Detailed description of activities
• Turnover split by activity and industry
• Mine-site and principal exposure
• Subcontractor and labour-hire expenditure
• Plant, equipment and vehicle schedules
• Work at height, underground, hot work or other higher-risk activities
• Claims history
• Largest contracts and project values
• Professional or design services provided

Hard-to-place resource risks

Some activities can attract limited insurer appetite. A clear submission that separates lower-risk and higher-risk activities, explains controls and provides accurate turnover splits can materially improve the quality of the market approach.

All cover is subject to insurer terms, limits, deductibles, conditions and exclusions.