Mining & Metals Property Insurance
We offer All Risk property damage and interruption coverage for operational Heavy Industry clients world-wide, with a focus on mining and metal occupancies. Our extensive experience and expertise in this area place us at the forefront of the market for mining industrial property insurance solutions.
We add value for our clients by providing coverage and expertise in niche areas. We have in-house engineering capabilities, including a chartered mining engineer professional with more than 40 years of experience who reviews:
- Engineering information
- Conducts on-site insurance risk surveys
- Produces corresponding market reports
- Guidance to clients where required
We pride ourselves on our flexible approach. This enables us to develop tailored solutions for clients, allowing us to write quota share, primary or excess of loss business directly or facultatively. In the long term, we strive to develop partnerships with all our clients.
Our capacity
What we do
We provide all risks of physical loss or damage, including machinery breakdown and business interruption coverage, for a broad array of clients, from small single-site operations to global mining companies.
We particularly specialise in mid-tier miners. This encompasses both above-ground and below-ground risks and includes associated processing and refining techniques and ancillary infrastructure.
Our mining industrial property insurance solutions are supported by deep sector expertise and specialist engineering insight, helping clients manage risk across extraction, processing and production environments.
We provide cover for the majority of commodities, including but not limited to:
- Base metals, including nickel and zinc
- Copper
- Diamonds
- Gold
- Iron
- Metallurgical coal
We also provide All Risk physical damage, machinery breakdown and business interruption cover for the production of steel and aluminium products, including smelting, casting, rolling, and recycling processes.
Speak to one of our specialist underwriters
Mining & Metals Property Insurance FAQs
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Canopius offers comprehensive All Risk property coverage world-wide, focusing on mining and metal occupancies. Our expertise in this area puts us at the forefront of the market, providing tailored solutions for our clients’ unique risk profiles.
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We provide niche coverage and expertise, including in-house engineering capabilities and specialists with industry experience. We prioritise long-term partnerships with our clients and aim to help their projects flourish with our stress-free insurance options.
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At Canopius, we want to ensure that your experience with us is as stress-free as possible. That’s why our specialists are always on hand to discuss your options and help you choose the right product for your needs.
We understand that providing detailed risk information can be time-consuming. That’s why our team works collaboratively with brokers and clients from the outset to identify what is required and guide the process efficiently. Our goal is to provide clear, well-structured terms as quickly as possible, without compromising on the quality of the assessment.
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Canopius Mining Industrial Property insurance can cover physical loss or damage to assets. This includes plant, equipment, machinery and infrastructure — above and below ground.
Machinery breakdown and business interruption cover may also be included to protect against revenue loss following an insured physical damage event. Cover can extend to processing and refining facilities, ancillary infrastructure and a wide range of commodities including gold, copper, iron, diamonds, and base metals.
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Metals Property insurance is suitable for any business involved in the extraction, processing, or production of metals and metal products. This includes mining companies, smelters, steel and aluminium producers, and recycling operations.
At Canopius we have particular expertise in mid-tier miners and can also accommodate smaller single-site operations and large global portfolios, structuring the cover to reflect the scale and complexity of each client’s assets.