Mining
Mining is the process of extracting valuable geological materials and minerals from the Earth, primarily for economic purposes. This includes the extraction of metals, coal, oil shale, gemstones, and other resources like limestone and clay. Mining can be done through surface or underground methods, and the process often involves exploration, extraction, processing, and ultimately, the closure and rehabilitation of the mine site.
Insurance solutions for mining industry:
1. Workers/ Employees Compensation Insurance - To cover the legal financial liability of the employer towards its employees arising out of accidents at the factory premises causing injuries to the workers (as per applicable laws of land).
2. Comprehensive General Liability Insurance - To cover the legal financial liability of the mining companies towards third-parties arising out of accidents due to the mining operations resulting in injuries or property damage (as per applicable laws of land).
3. Machinery Breakdown Insurance - To safeguard mining companies from the potential Financial costs arising out of physical loss or damage to machinery & equipments from the risks of fire, flood, storm, earthquake, collapse, Lightning and like. Various forms include Machinery Breakdown, Electronics Equipment, Contractors Plant & Machinery.