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Mining is a diverse and complex industry of vital importance to the economy. As a high hazard industry, casualty risks are inherent, but mining companies must also contend with new challenges such as an industrywide decline in financial solvency, consolidation, and an aging workforce. In addition, industry-specific risks such as environmental and reclamation bonding make it difficult for mining companies to remain financially competitive.
Marsh's Mining, Metals and Minerals Practice offers a variety of consultative services to help clients avoid, mitigate and transfer risk. These services include:
- Mining Needs Analysis Checklist - a total package for risk management that combines needs analysis, risk assessment, and marketing submissions;
- Risk Information - a Web-based incident tracking and workers compensation reporting system designed to tie multiple mining locations together with one database;
- Thermal and Acoustic Risk Management - a proprietary process tailored to help mitigate the potential for catastrophic equipment failure;
- Environmental Consulting Services - a worldwide network of environmental specialists, including consultants that offer assessment of asbestos, lead, silica, and chemical contamination; and
- Workforce Consulting - a specialty practice that develops strategies for managing a workforce, including diagnostics, absence management, behavioral sciences, and ergonomics.
Consultative Depth
Globally the Mining Practice of Marsh serves of 70% of the world's largest mining organisations, offering your business the consultative strength and industry specific experience designed to help you to extract the best possible return on your insurance investments.
Ground Breaking Negotiating Strength
As the world's leading provider of risk management and insurance services to the mining industry – and with access to all major global and local insurance markets Marsh offers your business unmatched transactional capability and leverage with the insurance and reinsurance marketplaces. Our risk management professionals act as powerful advocates to the commercial insurance markets on your behalf, helping you secure the best coverage, rates and terms available.
Drill Down Expertise
The Mining Practice of Marsh is comprised of the leading minds in the business – experienced, knowledgeable experts who bring to bear an unparalleled understanding of industry issues and marketplace demands. Through our ongoing involvement with mining industry associations, and our industry leading benchmarking services, our committed professionals help your organisation stay ahead of the risk curve by keeping pace with changes in your specific risk profile, as well as within the industry at large.
Centered on your Success
With dedicated experts who understand your industry the resources to deliver trusted, forward looking risk management tools and solutions, and the most talented, dedicated people in the business, Marsh is here to help your organisation succeed. You extract the best our earth has to offer. We'll help you uncover the solutions and achieve the rewards that lie on the other side of risk.
With our highly skilled and experienced members of staff, we are able to provide expert advice regarding all matters relating to the Mining industry.
Mining Services
- Risk identification and evaluation
- Costing of insurance and risk financing options
- Design, implement and place insurance programmes
- Claims management from reporting to settlements
- Computer Crime
- Enterprise Risk Management
- Directors & Officers Liability
- Employment Practices Liability
- Trustee and Fiduciary Liability
Access to:
- Lloyds Underwriters and London Markets
- Specialist expertise and advice (Global and Local)
- Benchmarking exercises
- Alternative currency policies
- Global Resources (both Risk and Market)
- Alternative Risk Finance Structures
- Captive and similar structures
- Reinsurance Markets
Clients
Mining, Metals and Minerals Division scope of service cover major Gold, Diamond, Platinum, Coal Mines, Copper as well as Industries, pulp and paper and Steel Manufactures.
Risk Consulting and Loss Control
Marsh's Risk Consulting engineers include experienced, knowledgeable experts who understand both market demands and industry issues. Our boiler and machinery specialists identify and address losses related to the mining sector with the following services:
- Risk engineering services;
- Health and safety assessment;
- Workers compensation audits;
- Integrated disability management;
- Fleet (automobile/machinery) control;
- Environmental evaluation;
- Disaster planning; and
- Thermal and acoustic risk management
Marsh's risk management professionals can help mining clients secure the best coverage, rates, and terms available, and offer services that include comprehensive due diligence studies; actuarial services; surety bonds and financial guarantees; and alternative risk financing programs.
With specialists in offices in North America, South America, Europe, South Africa, Asia, and Australia, Marsh's Mining, Metals and Minerals Practice responds to clients' risk needs by providing industry-leading benchmarking services, resources, and knowledge culled from active involvement in mining industry associations.
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