Mining and resources businesses may need a combination of policies because their work can involve remote sites, heavy equipment, principal contracts and higher-risk activities. The appropriate program depends on whether the business performs physical contracting work, professional consulting services or both.

Common insurance types #

• Public Liability: for covered third-party injury or property damage claims.
• Professional Indemnity: for consultants providing design, engineering, advice, reports or other professional services.
• Plant and Equipment: for owned or hired machinery and equipment.
• Commercial Motor: for vehicles and any required road risk.
• Business Insurance: for property, portable equipment and selected business interruption exposures.
• Cyber, Management Liability or Environmental Liability: where the business has these exposures and suitable cover is available.

Workers compensation is arranged under the requirements of the relevant state or territory and should be considered separately.

Why the details matter #

Insurers commonly assess the exact services, sites, contract values, turnover, subcontractors, plant, safety controls and claims history. Underground work, hazardous materials, heavy industrial processes and overseas activities may require specialist underwriting.

Principal or site requirements should be compared with the policy before a contract is signed. Cover, limits and exclusions vary between insurers.