Mining & Resources

Insurance for mining and resource operations.

As one of Australia’s most dynamic industries, mining presents unparalleled opportunities and unique challenges.

Whether you’re running mining operations or offering specialised services as a contractor, the risks you face are multifaceted and demand a tailored approach. That’s where Austcover comes in.

CONTACT

Steve Peters LinkedIn

Head of Portfolio
Mobile: 0419 234 478
Contact Steve Peters

Tailored insurance solutions for your business

Austcover can help design bespoke insurance programs to help safeguard your operations, assets, and workforce.
Our expertise spans diverse segments within the mining sector, including:

  • Electrical works: Protecting contractors and companies responsible for the vital electrical infrastructure helping power mining operations.
  • Machine hire: Covering hired equipment and the skilled operators who ensure seamless production processes.
  • Mechanics: Safeguarding those who maintain and repair critical machinery, helping minimise downtime.
  • Explosive handlers: Managing the risks associated with the storage, transportation, and use of explosives.
  • Professional services: Protecting engineers, surveyors, and consultants who bring their expertise to enhance operational efficiency.
Services
Mining Services
Sub-Contractors
Transport

Key insurance risks in the mining sector

The mining environment is inherently high-risk. From physical hazards to regulatory requirements, businesses in this sector face a wide range of challenges. Below are some of the primary risks Austcover can help you navigate:

 

Safety of your workforce
Mining is among the most hazardous industries, with workers exposed to risks like heavy equipment accidents, falls, and exposure to harmful substances. Ensuring the safety of employees while managing the financial impact of workplace incidents is a significant challenge.

 

Equipment breakdown and damage
Heavy machinery is the backbone of mining operations, but it comes with significant exposure to mechanical failure, accidental damage, and wear and tear. Repairs or replacements can be costly and time-consuming, affecting productivity.

 

Environmental incidents and compliance breaches
Mining activities can have significant environmental impacts. Spills, contamination, or breaches of environmental regulations can lead to substantial fines, cleanup costs, and reputational damage.

 

Liability for third-party damage
With so many moving parts, accidents involving third parties—whether individuals, property, or infrastructure—are a constant concern.

 

Cyber threats
As mining operations increasingly rely on automation and digital tools, the sector has become a target for cyberattacks. A breach could disrupt operations, steal proprietary data, or cause significant financial losses.

 

Legal and professional risks
Professional services such as engineers, surveyors, and consultants face potential claims for errors, omissions, or negligence in their work.

 

Risk & Insurance
Services
Our team

BALANCING ACT: Subcontractors putting excess on the rise

Over the recent years, the construction industry has seen a rapid increase in premiums. As construction activity has increased and the demand for skilled labour has risen, many businesses in the sector have turned to contractors and subcontractors to bridge the staffing gap.

Read more

Why partner with Austcover?

Your trusted adviser
As your partner, we act solely in your best interests, offering a consultative approach that prioritises transparency and accountability.
Technical expertise

Our brokers technical skill and market knowledge allow us to address your most complex risks with confidence and precision.

Confidence in market relationships

We work with financially secure insurers and encourage client-insurer collaboration to strengthen trust and mutual understanding.

Commitment to transparency

Feedback is integral to our process, ensuring that we consistently meet—and exceed—your expectations.

News & Insights
Legal Policies & Disclosures
Contact us