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Risk Management and Insurance Solutions for the Mining Industry

At Risk Strategies Canada, we understand the complex and evolving risks facing the mining sector. Whether it’s exploration, development, construction or production—domestic or abroad—we deliver customized insurance strategies designed to align with your company’s risk profile, risk appetite, and long-term operational objectives.

Our specialists bring deep technical knowledge and global insurance market access to protect against the unique challenges of mining operations, from equipment breakdowns and environmental liabilities to political risk and supply chain interruption.

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industry

Challenges facing the Mining Industry

The mining sector operates in an increasingly challenging environment marked by volatile commodity markets, rising operational costs, and tightening environmental and regulatory expectations. Access to financing remains a critical concern—particularly for junior and mid-tier operators—while stakeholder scrutiny around social license to operate is higher than ever.

Smaller mining firms often face constrained cash flow, with most revenue reinvested directly into operations. This can limit administrative capacity and heighten risk exposure, especially when personnel must travel to remote, high-risk regions—raising concerns around worker safety, asset protection, and business continuity.

Adding to this, the industry is under growing pressure from climate risk and ESG standards. Remote sites face rising costs related to energy, labor, transportation, and environmental compliance—factors that can significantly impact profitability. The potential for asset damage, environmental liabilities, or operational shutdowns only amplifies the financial risk.

risk management

Our commitment to risk management solutions

As geopolitical tensions and cyber threats escalate, mining companies face mounting pressure to safeguard assets, people, and operations. Our team partners with clients to identify, assess, manage, and transfer risk effectively—so you can maintain operational focus and financial resilience.

Our tailored risk management strategies help you mitigate exposures and secure the right insurance coverage for both day-to-day operations and long-term project success. With our team on your side, you gain more than just insurance—you gain a trusted risk management advisor committed to your company’s stability and growth.

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Coverages we can offer:

We offer insurance solutions and services tailored to both construction and operational risks in this business sector, which include:

Operational insurance:

  • All-risk Property and Machinery Breakdown (incl. Business Interruption)
  • Commercial General Liability
  • Umbrella and Excess Liability

Construction Insurance:

  • Builders’ Risk (incl. Delay in Start-Up/ Business Interruption)
  • Project Wrap-Up Liability
insurance

We can also offer the following coverages:

  • Business disruptions and loss of revenue
  • Cyber and privacy
  • Damage to Physical Assets
  • Design, construction and testing/commissioning risks
  • Employment practices and workplace safety
  • Environmental risks
  • Fraud/theft
  • General operation and maintenance risks
  • Liability and legal risks
  • Natural hazard and weather-related risks
  • Political, policy and regulatory risks
  • Reputational risks
  • Cargo/Marine
  • Credit Insurance
  • Crime
  • Cyber Risk
  • Directors & Officers Liability
  • Errors & Omissions
  • Fiduciary
  • Fine Arts
  • Hostile Environment Crisis
  • Kidnap and Ransom
  • Mobile/Contractors’ Equipment
  • Personal Accident
  • Political Risk and Structured
  • Political Violence Insurance
  • Pollution and Environmental Liability
  • Project Wrap-Up Liability
  • Reclamation Bonds
  • US Worker’s Compensation and Employers’ Liability

Why work with us?

Consultative Approach

We offer risk advisory, risk transfer and solutions, that enhance financial and operational resiliency and help maintain business viability.

Industry Expertise

With years of combined experience in insurance and reinsurance brokerage, engineering and loss control, underwriting, enterprise risk management and traditional risk management.

Custom Risk Management

We offer customized and innovative risk management solutions to help companies overcome challenges in insurance, including rising costs, decreased capacity, and stricter terms, regardless of their location.

If you would like to discuss your insurance needs in more detail