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Mining
 

Today’s mining insurance challenges range from how to properly value multimillion-dollar machinery, to the liability presented by contractual agreements. Chubb's expertise has kept pace by adapting insurance products to meet the requirements of this changing market around the globe.

Whether you are exploring business opportunities in Australia or managing a mining operation in Canada, Chubb can provide your company with an array of mining insurance products, featuring large-capacity limits and specialized protection.

Chubb provides insurance to a wide range of mining operations:

  • Surface and underground operations
  • Coal mines
  • Nonmetal mines
  • Precious metal mines
  • Mining processors

Chubb’s Customarq package policy responds to many specialized needs:

  • $250,000* automatic blanket limit for certain property extensions that allows you to spend your insurance dollars where you need them most following a loss.(Aggregate limit can increase to $1 million, subject to underwriting guidelines.)
  • Business income, contingent business income and extra expense insurance for surface and processing facilities
  • Business income valuation considers tonnage of minerals
  • Boiler and machinery insurance for processing facilities and contractors equipment
  • Liability protection for subsidence, blasting, and contractual liability

In addition to our hallmark Customarq package policy, Chubb can offer you a full complement of products including commercial automobile, workers compensation, pollution liability, umbrella/excess, directors & officers, crime, employment practices liability, and kidnap/ransom and extortion insurance.

Why does a mining company need Customarq? Consider the following scenario:
When a fire erupts in a haul truck at a mining operation, the $2.5-million vehicle with a capacity of 360 tons is destroyed.

The result? Property damage. Decreased productivity. Even personal injury. Doing business in the mining industry means facing the possibility of exposures like these every day.


Why Chubb?

  • Global reach - Through an extensive network of wholly owned offices in 27 countries, Chubb provides locally admitted and global insurance products.
  • Loss control - To help reduce the risk of loss and minimize the severity if a loss occurs, our risk engineers may offer loss-mitigation and disaster planning services.
  • Claim service - Accessible via a toll-free number from anywhere in the world, our Multinational Claim Unit provides service 24/7 in more than 140 languages.
  • Stability - Chubb consistently earns high ratings from A.M. Best Company for financial stability and from Standard & Poor’s and Moody’s for claim-paying ability.


Additional Information

 

Learn more about:

  • Chubb's products - Please contact your insurance agent or broker; use our Find an Agent tool to locate an agent or broker near you.
  • Claims - Please go to Chubb's Claims Services.
  • Chubb's press releases, awards, advertising and more - Please go to About Chubb.