Ironshore launches liability product for mining sector

Property/casualty (P/C) insurer Ironshore International has launched a professional liability product designed to provide protection for challenging risk exposures within the mining sector globally.

According to the firm, the product provides coverage to engineers and consultants engaged in all aspects of the mining process from exploration through planning and construction, operations and closure.

Ironshore’s professional liability coverage for mining professionals is underwritten on a claims-made basis and includes cover for bodily injury, property damage, financial loss and pollution with policy limits available for up to £5 million. Insureds can be domiciled anywhere in the world with operations and project interests in multiple jurisdictions, said the firm.

Professional liability for mining industry professionals will be offered through Ironshore’s Lloyd’s Pembroke Syndicate 4000.

Danny Clack, professional indemnity divisional director based in London, will lead the mining industry initiative.

“The mining industry has and will continue to be a driving force underlying the global economic landscape and presents an array of risk scenarios for professionals within this specialty industry sector,” said Clack.

“Ironshore has developed a dedicated product to meet the distinctive underwriting demands of the market, providing coverage for mining professionals worldwide.”