By ZiMining Reporter
CELL Insurance is bolstering Zimbabwe’s mining industry with tailored insurance solutions that offer robust coverage against unique risks, providing essential peace of mind to operators.
Addressing mining sector risks
In the mining industry, risk is constant—from equipment breakdowns to extraction hazards. Recognising the need for specialised coverage, Cell Insurance has crafted a suite of policies to help companies manage these risks effectively.
“Cell Insurance has the capacity and competencies to manage mining risks,” the company stated. This commitment stems from the understanding that mining’s diverse challenges require expertise that surpasses standard insurance.
Global partnerships for comprehensive coverage
To secure comprehensive risk management solutions, Cell Insurance partners with international reinsurers and brokers. This collaboration enables the company to offer offshore mining risk placement services, enhancing the quality of protection available to local clients. The insurer helps mining companies secure both local and global coverage, ensuring they have the necessary support in navigating external markets.
Innovative policies tailored for mining
Cell Insurance’s policies address various industry-specific risks, from operational interruptions to property damage. Among these is the Cell Captive insurance product, which allows mining businesses to self-insure specific risks. This self-managed approach combines risk management with financial benefits, offering a cost-effective solution for companies.
Protecting assets and operations
The insurance firm offers property damage and business interruption policies that cover losses from various physical damages, including electrical and mechanical failures. This coverage minimises downtime and financial loss, ensuring mining operations can continue smoothly.
For machinery that powers daily operations, all-risks insurance protects both mobile and stationary equipment against damage, fires, and theft. This vital coverage helps companies avoid costly replacements and operational delays.
Guarding against transit risks
Miners also face risks when transporting valuable resources. Cell Insurance’s marine insurance protects mining products in transit, ensuring valuable cargo arrives safely. This specialised coverage allows mining companies to manage logistics confidently.
Partnering for a stronger industry
With a dedication to risk reduction and financial security, Cell Insurance supports the mining industry’s growth and stability. Their strategic partnerships and tailored coverage options reinforce their role as a trusted ally, equipping mining companies with the resources needed to navigate a challenging landscape.
In an industry where every day brings new challenges, Cell Insurance stands as a beacon of reliability, helping to protect the miners who drive the economy.
