A Mackay-based insurance brokerage house has recently launched a public liability insurance product and online platform for small- to medium-sized mining contractors.
MINEGard, developed by Gardian Insurance Brokers and backed by Lloyd's, was specifically designed for the mining industry and the first mine site-specific public liability insurance website platform in the country.
"MINEGard is mine-site specific public liability insurance for small- to medium-sized mining contractors and is only available online," said Luke Philips, Gardian Insurance Brokers managing director, in a
Daily Mercury report.
To get the product, basic information should be provided through an online registration – a process which makes the cover attractive for busy contractors.
"For many businesses, the process of securing mine site-specific insurance coverage is not a quick or easy one," Philips said. "We just want to provide a solution to time-poor small- and medium-sized business owners and ensure they have the right level of cover when they need it.
Philips, a member of
Insurance Business’ Elite Broker rankings since 2014, said that in his 16 years of commercial insurance experience in the resource sector, he is well aware that the appropriate cover is offered in the markets today.
"There (are) a lot of tier-one operators out there who don't have the right vetting process for contractors, he told the
Daily Mercury.”We have tried to rectify that in some ways and develop a product that is affordable. We launched two weeks ago and already have written 18 policies."
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