Mining

We Know Mining

Mining operations are faced with many and varied risks – natural, political, operational, environmental and economic (to name a few). How well those risks are managed will determine the success of a mining operation.  

Battle hardened through years of firsthand experience on global mining placements, Integro’s team provides the highest levels of expertise and service in the mining industry. Our full range of insurance and risk management solutions aid clients in the exploration, construction, operation, care and closure of mines.

Advantages of Working with Our Mining Team

In addition to providing integrated product and service delivery, local service with the backing of global resources and a single corporate-wide P&L, strengths of our mining team include:

  • Mining expertise – 20+ years average experience
  • Strong relationships with leading mining insurers in Canada, the U.S., London, Bermuda, Europe and beyond
  • Product line placement specialists
  • Captive insurance, Analytics and M&A/Due Diligence expertise
  • Sophisticated claims advocacy
  • Loss prevention engineers

“The Integro team has consistently demonstrated their enthusiasm, professionalism, and in-depth knowledge of the mining industry in all aspects of our dealings with them. It has been a pleasure to work with Integro and we believe that their dedicated and talented team have enabled us to achieve excellent coverage and pricing with respect to our placements.” – Rob Doyle, CFO for Pan American Silver

Mining Key Facts

We have expertise in an array of local, national and international mining projects. In addition to being the exclusive broker for the PDAC (Prospectors and Developers Association of Canada), our array of solutions extend beyond day-to-day mining needs, and include:

  • Property/Machinery Breakdown – Statement of Values, Business Interruption including Gross Earnings vs. Profits, Depreciation and Commodity Price Fluctuations, and Underground Exposures.
  • Directors & Officers Liability – Limit Adequacy, Program Structure – Side A, B and C
  • Actuarial and risk consulting
  • Compliance, health and strategic risk mitigation
  • Specie – Contractual agreements and alignment with armored car service/refinery, Primary vs. Excess, Valuation and Coverage Triggers
  • Captive Insurance – Feasibility study, Setup/Implementation, Growth Strategies, Documentation Prep and Strategic Oversight
  • Due Diligence Practice – M&A Transactions, Project Lending and Insurance products to “ring-fence” exposures
  • General & Umbrella Liability
  • Environmental Impairment
  • Kidnap, Ransom and Extortion
  • Non-owned Aviation
  • Marine Cargo
  • Construction Risk - Builders Risk, Wrap-Up Liability, Delay in Start Up
  • Political Risk/Political Violence, Trade Credit
  • Auto
  • U.S. Workers Compensation

A Unique Approach to Mining Risk

Buying insurance coverage is the last stage in the risk management process. A critical focus on risk identification, analysis, quantification and mitigation strategies can have a significant influence on purchasing cost effective insurance coverage. In addition to helping you recognize and mitigate residual risks, we identify strategic risk mitigation alternatives and negotiate transfer of risk options.

Integro’s mining clients benefit from our understanding of the mining business and insurer underwriting standards and flexibility, our use of pre-loss agreements, our recognition of repetitive problematic hazards, and our reduction of loss potentials based on operating flexibility and strategic CAPEX investment. We are your trusted partner helping you navigate the world of mining risk with confidence.

Let's Talk

Our seamless approach, experience and expertise are a perfect fit for your Mining needs. Contact Integro today to start a conversation about your business.