SUSTAINABILITY
Other risk factors that can frequently escalate operationally and thus influence insurance policy and indeed complicate claims include supply chain distribution and growing regulatory scrutiny . The latter is most notably in relation to environmental and health and safety issues , but there is a general sense of governments , regulatory bodies and local communities paying greater attention to licences to operate for mines .
While all of the aforementioned risks can inevitably cause disruption to operations if they come to fruition , insurers offer specific business interruption policies to mining operators . These form a
“ Remote environments increase the risk of things like kidnap and ransom-related events in particular , which makes the security of employees and assets a major concern ”
SAMANTHA HOLLAND Partner at Gowling WLG
80 June 2018