Mining & Metals Property Insurance

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.

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.

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.

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.

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.

Yes. We also offer All Risk physical damage, machinery breakdown and business interruption cover for steel and aluminium production including smelting, casting, rolling and recycling.

These processes have their own unique risks— high temperature hazards, complex equipment and significant business interruption—and our underwriters can assess and structure cover for them.

We cover a wide range of commodities including gold, copper, iron, diamonds, metallurgical coal and base metals such as nickel and zinc. We also cover steel and aluminium products including smelting, casting, rolling and recycling processes.

For underground operations, flooding exposures are considered where they occur via man-made surface openings.

If your commodity or operation is not listed we would still encourage you to talk to one of our specialist underwriters. Our risk appetite can be broad depending on the risk profile.

Our mining industrial property insurance can cover above and below ground risks. This includes specific hazards of underground extraction such as subsidence, flooding via man-made surface openings and equipment failure in confined spaces.

Our in-house chartered mining engineer has over forty years experience in underground operations. They can assess these risks with a level of technical expertise that is not always available across the wider insurance market.

This expertise helps us assess and price risk appropriately and structure cover that reflects the true nature of the risk.