|Mining and Resources Industry|
The rewards in the mining industry can be high but so too are the risks.
Since CKA's establishment in 2004 we have quickly gained a reputation for providing unrivalled resources industry expertise.
The risks associated with the mining sector are often more hazardous and complex than other industries. CKA's ability to 'talk our clients' language' greatly assists us in fully identifying and communicating insurable and uninsurable risks.
Our knowledge of the industry and it's specific risks also gives the insurance market additional confidence which in turn allows us to negotiate broader insurance cover and more competitive premium terms for resource sector clients.
Companies in the mining and resources sector traditionally had only two choices:
There are few Australian owned brokers who have the capability, credentials and experience to provide 'international broker' expertise that most companies in the resources sector require. CKA fills this void by providing personal service unmatched by the international brokers together with the technical insurance and risk financing capabilities that most local brokers are not equipped to provide.
Mining companies have many common risks - they also differ significantly depending on a number of factors such as:
CKA's intimate understanding of the mining and resources sector allows us to 'talk our client's language'. The result is the right level of insurance cover that has been specifically designed to cover each company's unique risk exposures.
Companies who are purely mineral explorers have traditionally been overlooked by insurance brokers in favour of producers because of exploration companies' relatively modest insurance requirements.
CKA takes a different view. We see mineral exploration companies as the lifeblood and future of Australia's mining industry. We therefore focus on 'junior explorers' and provide specifically tailored, competitively priced insurance covers for companies in this sector.
CKA has a division dedicated to companies who service the mining and resources sector. In Australia this is a sizeable part of the wider mining industry and includes industries such as:
The risk profile of such companies differs substantially from mining companies. For example;
CKA understands the risks these companies face. Importantly, we understand the Insurance and Indemnity conditions that mining companies seek to contractually impose and we are well experienced in assisting our clients to comply with these requirements.
We also understand that companies who service the mining sector need prompt, accurate and commercial advice from their broker. CKA ensures that insurance and risk management compliance never hinders our clients commercial and corporate objectives. In fact, we aim to make insurance a point of positive differentiation for our clients.