Suncorp to target miners

 Suncorp Insurance has created new initiatives designed specifically for mining.

The insurance company says it is looking to accelerate the growth of its Vero and GIO Workers to take advantage of the mining boom.

New product lines include workers compensation, construction, liability and motor.

"Our people have a well-established reputation as experts when it comes to servicing the mining industry," Darren O’Connell, Suncorp’s executive general manager commercial portfolio, said.

"Having broadened our risk appetite to include products such as Liability, we’ve seen tremendous growth, particularly in the mid-sized mining operations."

Chris McHugh explained that it now has specialist claims teams for remote locations.

It also has an "understanding of the specific complexities such as principal contractors, fly-in-fly-out operations, cross-border legislation and common law issues that have built our position in the market place. Backed by our strong underwriting capabilities, we’re able to help customers and brokers work through these challenges effectively," McHugh added.

He went on to say that is also developing its risk management team so that the "risk engineers have extensive experience to identify potential hazards that can be overlooked on a busy mine site.

"Our risk engineers do site visits to get a first-hand look at what’s happening on the ground."

McHugh added that it is able to provide a life of mine cover, from construction onwards.


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