Mining company employees who must work overseas can be exposed to a number of risks that pose a threat and possibly endanger their lives. While operating in foreign jurisdictions and being unfamiliar with the local environment, it’s important to take into consideration what could happen and how to properly protect yourself and your company from harm.
Here are some exposures and their key considerations in relation to crisis response for employees of mining companies working overseas:
Kidnap and Extortion:
- Blackmail
- Detention
- Extortion
- Hijack
- Hostage crisis
- Missing person
Considerations
- Legal costs
- Key executives working in commercially sensitive positions
- Individuals whose wealth or fame may attract the attention of criminals
- Multi-national companies of all sizes operating in high risk regions of the world
It’s important to consider key considerations for this risk, such as finding coverage that should include all employees, family members, independent contractors and consultants, can be applied 24/7, and include all business and non-business travel.
Terrorism & Political Violence Risks:
- Acts of terrorism
- Civil commotion
- Civil wars
- Coup d’etat
- Insurrection
- Malicious damage
- Rebellion
- Revolution
- Riots
- Sabotage
- War
- Abduction
- Assault
- Bribery demand
- Competitor malfeasance
- Criminal facilitation
- Murder
- Product tampering
- Stalking
- Suspicious death
- Threats
- Workplace violence
This list is not exhaustive and there are a variety of other insurance coverages that mining companies need in order to address all the risks they face and prevent losses. Download our free guidebook “Mining and Mineral Exploration Insurance Guide” here to find out how you can protect your company’s assets:
