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Mining Industry Insurance - Mobile Asset Protection

Specialty
AXA XL Insurance offers an innovative solution to common risks faced in the mining sector. Focusing on mobile assets, this broad cover protects the product (any natural mineral), machinery and equipment, and the employees, wherever they are around the world.

Product details

Capacity

Precious metals: up to USD 300 million

Coverage

  • Marine Cargo
  • Delay in Start-up / Project Cargo
  • Underground Equipment
  • Subsea Equipment
  • Re-Mining Core Samples
  • Natural Minerals
  • Political Risks / Violence, War and Terrorism
  • Cover Wrap
  • Kidnap and Ransom
  • Personal Accident
  • Medical Expenses
  • Non-Owned Aircraft Liability

Client Profiles

  • Alluvial mining
  • Dredging risks
  • Ocean bed mining
  • Open pit mines
  • Underground mines

Typical Information Required

Completed application form

Benefits & Services

  • Program wrap, minimizing gaps in coverage
  • Discounted premiums for combined policies bought as one
  • One provider
  • Single application form
  • Single point of contact for claims notification

Attachment Point

Varies

Minimum Deductible

Varies

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.