Mining Risk Management and Insurance

Mining is all about taking the right risks

Every mining company has to take calculated risks in order to be successful. For over two decades, Gallagher has helped those with mining operations and investments across the globe to manage risk at all stages of the project lifecycle. The diversity and depth of our experience means our clients, ranging from miners and contractors to traders and financiers, value our advice not just as their insurance broker, but as a trusted risk management partner.

The Gallagher mining insurance team collectively has established capability to access global specialist mining insurance markets from offices in New York, London, Singapore, Perth, Brisbane and Johannesburg.  Our international experience and capability has helped us achieve a pre-eminent position in the mining sector. Our global mining team works with 500+ mining clients with operations, projects and investments across the globe and service clients in over 30 countries, across more than 25 diverse commodities, from gold and silver to lithium and uranium. Our clients operate across the full mine life cycle - from exploration, development, construction, operation, expansion and into rehabilitation. 

Your mining risk management and insurance partner

By enabling our clients to identify, mitigate and transfer risk effectively through the volatility of commodity cycles, they in turn are better placed to secure new commercial opportunities. So whatever keeps you awake at night, we have probably dealt with it.  Whether you need Cover ranging from open-pit or underground mining, processing plants and associated equipment, business interruption, construction and/or refurbishment of property, cargo risks, personal accident and even kidnap and ransom, we can do the job!

Our service offering is built on strong personal relationships and underpinned by deep knowledge of your business drivers and risks.  Your personalised risk and insurance program is planned, designed and executed with the involvement of our senior mining experts and this is what makes all the difference. 

Placing insurance is just the start of the relationship.  The true test is when you have a claim.  By partnering with Gallagher, you will also benefit from our dedicated claim’s team service, offering you superior negotiation, support and collection outcomes.

Our specialist services include:

  • Risk Analysis
  • Risk Profiling
  • Property Loss Control
  • People Risk
  • Contract Review and Advice
  • Claims Management
  • Insurance Due Diligence
  • Captive Management Advice
  • Country Risk Reviews
  • Gold Room Security

mining risk 

mining risk

Risk solutions include:

  • Alternative Risk Transfer
  • Bullion and Crime
  • Business Interruption
  • Care & Maintenance Programs
  • Charterers Liability
  • Construction Programs
  • Corporate Travel
  • Credit Risk Transfer
  • Cyber Risk
  • Delay in Start-up Cover
  • Directors & Officers Liability
  • Employment Practices Liability
  • Environmental Impairment Liability
  • Expatriate & Inpatriate Medical Expenses
  • Kidnap and Ransom
  • Life Insurance
  • Marine Cargo
  • Marine Hull
  • Mining Rehabilitation
  • Mobile Plant & Equipment
  • Operational Programs
  • Personal Accident
  • Political Risks and Political Violence
  • Pollution
  • Professional Indemnity
  • Property and Machinery Breakdown
  • Terrorism
  • Third Party Legal Liability
  • Workers Compensation

 

Contacts 

John Koeppler

National Head of Mining
Email: john.koeppler@ajg.com.au
Phone: +61 8 6250 8412

Colin Todhunter

National Head of Mining
Email: colin.todhunter@ajg.com.au
Phone:  +61 8 6250 8337

Steve Tarr

General Manager, Mining
Email:steve.tarr@ajg.com.au
Phone:  +61 8 6250 8462

James Healy

Corporate Client Manager
Email:james.healy@ajg.com.au
Phone:  +61 8 6250 8368

Jason Fuller

General Manager, Corporate
Email:jason.fuller@ajg.com.au
Phone:  +61 8 6250 8405

Richard Todhunter

Senior Client Manager - Mining
Email: richard.todhunter@ajg.com.au
Phone:  +61 8 6250 8450

Explorers - Mineral Exploration Insurance Facility

At Gallagher, we understand the risks and complexities of mineral exploration. Besides the challenges of raising funds and developing an ore body, the burden placed on directors and officers to ensure the business is adequately protected is immense. Getting any part of running a mineral exploration company wrong can have catastrophic consequences, and may put directors’ and officers’ personal assets at risk.

That is why, in 2006, we launched the Mineral Exploration Insurance Facility (MEIF). The MEIF is a ground breaking insurance solution designed specifically to meet the ever-evolving and highly technical risks of exploration, reporting and compliance that also protects the assets of the business and directors and officers alike. Furthermore, the facility has been developed using financially secure, market leading insurers to offer competitive pricing without compromising on cover, claims service or flexibility. The MEIF is the only insurance solution proudly endorsed by AMEC.

Core products are:

  • Directors & Officers Liability (flagship product)
  • Commercial Motor
  • Corporate Travel
  • Expatriates
  • Personal Accident
  • Workers Compensation
  • Property
  • Marine Transit (including mineral samples)
  • Public & Products Liability

For more information on our Mineral Exploration Insurance Facility, please contact Richard Todhunter, Senior Account Executive Mining on 08 6250 8300.

Structured Credit and Political Risks

Our Structured Credit and Political Risks division comprises an established group of highly experienced market practitioners based in New York, London, Singapore, Stockholm, Perth and Sydney. Our scope of services include Comprehensive Political Risks Insurance programmes for Lenders and/or Hedge Providers, Political Risks, War and Political Violence Insurance for project sponsor’s equity and assets, Commercial Market and/or ECA and/or Multilateral Institutions solutions, Mining Disruption Insurance (‘MDI’), Political Risks Insurance for Mining Development Costs and Contractor’s Asset Protection (‘CAP’).

For more information on our Structured Credit and Political Risks services, please contact Racheal Tumelty, General Manager, Credit, Surety and Political Risks on 08 6250 8300.

 

 

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