Mining
This segment of insurance is designed to provide comprehensive property damage and time element coverage for the risks presented by mining industries.
Who is it for?
Mines and processing for metals, minerals and ore bodies.
See our Risk Appetite
Product Details
Capacity: US $750m, one of the highest among any mining insurers in the market.
Risk Types
Mining
All types of mining risks including:
- Above and below ground
- Coal
- Diamonds
- Gold and Silver
- Uranium
- Titanium ores
- Rare Earth Elements
- And all others
Processing Plants
Our coverage includes all associated processing plants where the ore is concentrated and refined to a more completed state. This includes:
- Crushing
- Conveyors
- All types of processing including furnaces
- Shipping and transportation
Ancillary Coverages
Coverage can be extended to include:
- Service Interruption
- Contingent Time Element covering key customers and suppliers
- Ports and railroads
- Interruption by Civil Authority
- Other exposures unique to your facilities
Why choose Mining insurance from AIG?
Our market-leading capacity and technical expertise enable us to comprehensively address the most complex property insurance needs of our customers.
And our global network of local companies, underwriters, engineers and claims specialists provides our clients with easy access and efficient service wherever their operations might take them.
Risk Engineering
We provide value-added loss control services from the planning and construction phases for new construction through the operational ongoing loss control. Risk engineers are located worldwide and conduct risk assessment surveys and loss control inspections that analyze the unique exposures associated with mining risks.
This includes analyzing the exposures from the perspective of traditional perils such as flood, windstorm, earthquake and fire as well as a key focus on equipment and management practices.
More Information
To learn more about AIG's capabilities in this field, please email Simon.Morgan@aig.com