IMIU underwrite EAR construction risks of mining companies situated throughout the world. We have the capability to insure mining projects of all types including underground exposures. As a recognised market leader in insuring mining operations, the ability to also insure construction risks presents clear benefits for clients, not least the potential for seamless cover as construction projects become operational.
Key to IMIU’s tailored approach is to have the best possible appreciation of the technical merits of each risk. The availability of quality information is critical to this and will enable risk solutions that are appropriate and commensurate with the specific risks associated with each individual project. We utilise risk assessment tools developed by people with extensive mining experience as well as an in-depth knowledge of the construction industry in order to provide a unique insight into each project and facilitate industry benchmarking.
IMIU’s team of industry renowned mining engineers provide risk engineering support and visit construction projects throughout the erection, testing and commissioning periods. It is of critical importance to the testing and commissioning periods, as well as subsequent operations, that a full risk analysis is conducted at the design stage of the project to ensure that the appropriate levels of protection and loss prevention are incorporated at the earliest opportunity. The retrospective installation of risk improvements, if at all possible, is invariably significantly more expensive and time consuming. Our engineers can provide project risk reviews and/or facilitate risk assessment workshops as necessary.