In certain industries—especially high-risk sectors such as mining, construction and engineering—businesses often find themselves in a unique position. They sell or build a product but are also tasked with designing a unique solution that goes beyond the scope of the product itself. For example, … [Read more...] about Mining Contractors: Avoid Severe Financial Consequences With Combined Liability Insurance
It is difficult for mining contractors and consultants to easily and affordably access the right insurance coverage Mining consultants and contractors with an annual income of less than $2 million in revenue may be able to access up to $5 million in Professional Indemnity Insurance through … [Read more...] about Are you a Mining Contractor or Consultant? You can now Access Professional Indemnity Insurance Quickly and Affordably. Here’s How.
Greensill Capital has made headlines for its rapid demise after two major Swiss banks turned off about $14 billion worth of funding. The 10-year-old company, which has blue chip clients such as CIMC, Telstra and Whyalla, had reported a $US49.4 million after-tax profit in calendar 2018 (from a … [Read more...] about How Insurance Sparked the Fall of a Bundy Billionaire
Being a mining contractor can be a risky business. Below are some tips on how to best manage your insurance and risks when providing services as a mining contractor. 1. Ensure your business activities are correctly disclosed to your Insurer One of the most common mistakes we see mining contractors … [Read more...] about 6 Quick Tips on Managing your Mining Contractors: Insurance & Risks
Are you a mining contractor supplying services and products to the Australian mining industry? Then you will need to make sure you have the right business insurance protection in place. The mining industry in Australia provides abundant opportunities for Australian businesses to supply valuable … [Read more...] about Mining Contractors – Do You have the Right Insurances in Place?