Mobile Asset Protection - Mining
Specialty
XL Catlin offers an innovative solution to common risks faced in the mining sector. Focusing on mobile assets, this broad cover protects the product (any natural mineral), machinery and equipment, and the employees, wherever they are around the world.

Product details

Capacity

Precious metals: up to USD 300 million

Coverage

– Marine Cargo
– Delay in Start-up / Project Cargo
– Underground Equipment
– Subsea Equipment
– Re-Mining Core Samples
– Natural Minerals
– Political Risks / Violence, War and Terrorism
– Cover Wrap
– Kidnap and Ransom
– Personal Accident
– Medical Expenses
– Non-Owned Aircraft Liability

Client Profiles

– Alluvial mining
– Dredging risks
– Ocean bed mining
– Open pit mines
– Underground mines

Typical Information Required

Completed application form

Benefits & Services

– Program wrap, minimizing gaps in coverage

– Discounted premiums for combined policies bought as one
– One provider
– Single application form
– Single point of contact for claims notification


Attachment Point

Varies

Minimum Deductible

Varies

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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