Australia is a country rich in natural resources so it’s no surprise that mining accounts for 60% of Australia’s exports. The mining sector offers a number of attractive opportunities for tradies such as mining transport, contractors, mechanics, miners and more. But this type of work also carries some risks, which is why you need to have insurance. Let’s take a closer look at what you can expect with mining contractors insurance.
Mining contractors insurance
It comprises of a number of policies which are targeted towards tradies working in the mining sector. Mining contractors insurance can be tailored to suit your specific needs and your particular risk exposures. Just some of the occupations in the mining industry that can be covered include:
Every public liability insurance policy is different and it’s important to check the policy or ask your insurance broker to make sure the policy is right for you. Some common scenarios that your policy is unlikely to cover are deliberate damage or injury, unlawful activity, and personal injury or property damage to yourself or employees.
- Air Leg Miner
- Auto Electrician
- Boilermaker/Welder
- Dewatering Contractors
- Dragline Operator
- Drilling Contractors
- Electrical Contractor (including QLD)
- General Plant/Machinery Maintenance
- Mechanic/Diesel Fitter
- Mine Relining Services
- Mineral Exploration (including water drilling)
- Mining Contractor
- Mobile Plant Operators
- Operation of Continuous Miner
- Project Manager
- Rock Bolters
- Shaft Sinkers
- Tenement Liability
Why is mining contractors insurance important?
Mining is a demanding industry to work in and it requires specific skills. It also carries a number of risks that tradies may not be exposed to in other areas. Whether it’s an accident onsite which causes damage to property or injury to a third party or an incident which results in you being unable to work due to injury, you need to be aware of the risk you face on site so you have sufficient insurance cover. Although employees will be covered by their employer’s insurance, contractors are generally required to arrange their own insurance cover. Insurance will also generally be a requirement of your contract before you go on site.
What are the main types
The type of cover that you require will depend on your situation and the nature of your work. However, the two most common forms of cover that you’re likely to need are:
Public liability insurance – this policy protects you financially if you cause damage to property or injury to a person as a result of your actions at work. It also covers legal bills if you need to hire a lawyer during this process. This cover is essential for contractors working in the mining industry.
Professional indemnity insurance – this policy offers financial protection if a third party suffers a financial loss following a breach of professional duty or negligence. If your advice results in a client suffering financial loss, this policy will cover for the financial implications.
Here at All Trades Cover, we understand the unique needs of tradies and provide insurance cover which is specifically targeted to cover your risk exposures. As one of Australia’s fastest growing trade insurance providers, we offer high quality cover at a competitive price. We also know the risks that you’re exposed to when working in the mining sector which is why we’ve developed a mining insurance package to protect your risks.
To find out more, contact All Trades Cover today on 1300 826 850.
