Mining Crisis Cover (MCC)
Security Risks insurance package for the mining sector – providing critical response to a myriad of mining-related risks
Mining Crisis Cover is an industry specific solution that tackles challenges posed from the realms of people, disaster, business and criminal activity. This is a new, complementing, addition to our ever-growing Security Risks insurance offering and is designed to provide continuity and stability during uncertain times. Mining Crisis Cover has been designed specifically for the mining sector but applies broadly across different stakeholders including mine owners or operators and those that have a presence linked to the mining industry generally.
Security Risks
AXA XL exclusively retains expert crisis response consultants, S-RM. Policyholders have access to pre-event, real-time and post-event crisis response services.
Learn MoreEnd-to-End Mining Specific Response
The mining industry encounters challenges posed by many facets of the modern world, across people, government and geography. Therefore, a suite of specialised products have been designed to combat these concerns. Covered perils include mine disaster response, mine trespass, denial of access, license cancellation, product tamper and fraud.
The mining industry is often perceived as a lucrative and fast-paced but complex industry. Unfortunately, this perception can pose a number of different criminally or politically motivated incidents from threat actors, often leading to crises which require not only expert and rapid incident response (delivered by S-RM), but also a deep understanding and expertise of legal matters, crisis communications and a duty of care to victims (each of these services are delivered by our specialist crisis response panel of providers respectively). These insurance products have been developed to deliver the aforementioned response and management to these needs. This includes:
- Response and guidance on License Cancellation or permit revocation by a host government or authority, including an assessment on the legality of such cancellation and a mitigation on the impact to business continuity.
- Rapid response to Mine Disasters or Mine Trespass issues which require delicate but experienced and effective handling to mitigate the effects posed to the Insured, including reputational and publicity risks.
- Insurance coverage for Security Risks (kidnap, ransom, extortion, detention) related crises and also evacuation requirements.
- Adverse Publicity management and support.
Mining Crisis Cover exists to support the mining industry in tackling the frequent crisis management challenges posed by the modern world in order to establish people, business and property security and peace of mind.
Client Profiles include but are not limited to:
- Mine Owners
- Mine Operators
- Mine Equipment Suppliers
- Mine Surveyors
- Mine Contractors or Labor Suppliers
- Mine Logistics and Delivery Firms
Get in touch
We’d love to hear from you, and are happy to answer any questions you may have about the cover offerings. We work closely with many international brokers to deliver our coverage to global organisations. Contact krlondon@axaxl.com or your insurance broker