Mining & Natural Resources
The Canadian mining sector is a multifaceted and highly diversified industry known for its unique risks and hazards. Brokers that specialize in the mining industry must therefore understand the complexities of working in these types of hostile environments, as well as the risk associated with operating highly specialized and expensive machinery. The Magnes Group Inc. takes this responsibility very seriously, subscribing to both the Canadian Association of Mining Equipment and Services for Export (CAMESE) and the Prospectors and Developers Association of Canada (PDAC) in order to stay on top of industry advancements and issues.
Our Areas of Expertise
Our Strategic Risk Analysis system enables us to quickly and properly assess the many facets associated with your mining industry role. Furthermore, it enables us to customize your insurance program to suite your company's individual requirements and allows us to located additional services which could help lower your total cost of risk. While there are some common risks in mining, the methods of processing, coupled with the types of metals and minerals that are being extracted, present unique challenges that must be accounted for within your insurance policy.
Whether you are a mining supplier, a junior mining company or a producing mine, Magnes can help provide you with:
- Alternative risk financing for environmental risks and mine/site remediation
- Risk management programs covering mining and related industries
- Brokered insurance for lenders, investors, and sponsors in a mining project
Our strong relationships with insurance companies who specialize in mining ensures that we can address a wide variety of concerns. Our team will assess everything from kidnapping and political risk, to U.S. and international exposures in order to ensure that you're covered from all possible angles. Our underwriters are aware of our ongoing commitment to the mining industry, and are capable of providing us with excellent rates and premium coverages.
At Magnes, it is our mission to identify and quantify the risk exposure and tolerance of your business in order to create a complete and cost effective solution that suits the needs of your company. For more information, contact our mining specialists today.