Mining

Contractor’s all risks (CAR)

Generally insures construction work at a mine against fire, storm and other damage, and extends to third-party liability and equipment on site.

Can include damage to property, liability to third parties, machinery and equipment and delayed projects

Professional liability (E&O)

Can pay defense costs and awards when a client alleges negligent advice, faulty information or incomplete professional work.

Can include professional error, cost of defense and settlements and court awards

Contractor’s plant and equipment (CPE)

Typically protects drilling, hauling and other equipment against accident, theft and breakdown, including in transit between sites.

Can include direct damage, sudden breakdown, transit and external perils

Mining exploration

Is designed to bring drilling equipment, third-party liability, pollution and interruption together in one policy during a mine’s exploration phase.

Can include equipment malfunction, damage to property, liability to third parties and pollution events

Environmental liability

May cover remediation and defense when mining operations contaminate soil or water and others claim injury or damage.

Can include pollution releases, remediation and cleanup, claims by third parties and defense of claims

Trade credit

Can pay when buyers fail to pay, including prolonged delay and, in cross-border sales, payment blocked by political events.

Can include unpaid customer invoices, buyer insolvency, prolonged default and political events

Cargo

Often covers shipments of minerals or equipment against loss or damage between locations, including international legs.

Can include transit loss or damage, all-risk or named-peril basis, cross-border shipments and delays and contaminated loads

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.