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Mining, Oil & Gas Trade Disruption Insurance

Protecting Mining, Oil & Gas Supply Chains Worldwide

The mining, oil and gas sectors rely on complex international supply chains to keep projects operating safely, efficiently and on schedule. From specialist equipment and replacement parts to critical materials and machinery, even a small disruption can result in significant financial losses, contractual penalties and costly project delays.

At ICOR Resources, we provide specialist Trade Disruption Insurance designed to protect businesses operating across the mining, oil and gas industries. Our bespoke policies help safeguard your supply chain against political, physical and transport-related risks that can interrupt the movement of goods around the world.

Specialist Insurance for Global Energy and Mining Operations

International trade is the backbone of the mining, oil and gas industries. As projects become increasingly global and supply chains more complex, businesses face growing exposure to disruption beyond their control.

Our Trade Disruption Insurance provides tailored protection against a wide range of risks, helping businesses maintain financial stability and recover quickly when unexpected events affect deliveries or project timelines.

What Does Mining, Oil & Gas Trade Disruption Insurance Cover?

Every policy is tailored to your business, project and supply chain. Typical cover can include:

Political Risks

  • Confiscation
  • Expropriation
  • Nationalisation
  • Licence cancellation
  • Embargo
  • Abandonment

Physical Risks

  • Fire
  • Flood
  • Storm damage
  • Earthquake
  • Volcanic eruption
  • Accidents involving the transport carrying your goods

Political Violence

  • Strikes
  • Riots
  • Civil commotion
  • Terrorism
  • War

Marine & Transport Risks

  • Loss or damage recoverable under marine insurance clauses
  • Closure or blockage of ports, waterways and shipping routes
  • Airport closures
  • Road and rail disruption

How Trade Disruption Insurance Works

Our policies are designed around your business requirements and supply chain.

Features include:

  • Standalone bespoke insurance policies
  • Named peril cover tailored to your business
  • Protection along pre-defined delivery routes from supplier to final destination
  • Flexible time or monetary excess options
  • Tried and tested policy wording
  • Cover limits of up to USD 60 million
  • Policy periods of up to five years
  • Claims may be payable even where there is no physical damage to the goods

What Can the Policy Pay For?

Depending on the cover selected, Trade Disruption Insurance can help with:

  • Loss of profit
  • Additional costs and expenses incurred to minimise disruption
  • Emergency air freight
  • Alternative shipping routes or ports
  • Alternative vessels
  • Sourcing replacement products from alternative suppliers
  • Contractual penalties for delayed delivery
  • Liquidated damages

Benefits for Mining, Oil & Gas Companies

Trade Disruption Insurance provides valuable protection that helps businesses remain resilient during unexpected events.

Key benefits include:

  • Reduced reliance on holding costly inventory
  • Protection of company profits
  • Faster recovery following supply chain disruption
  • Improved business continuity
  • Greater confidence when meeting contractual obligations
  • Enhanced customer relationships through reliable delivery commitments
  • Contingency costs covered by insurance

Why Choose ICOR Resources?

ICOR Resources understands the unique risks faced by organisations operating within the mining, oil and gas sectors. We work closely with clients to develop bespoke insurance solutions that protect complex international supply chains and support business continuity.

Whether you are importing drilling equipment, transporting mining machinery, exporting commodities or managing major infrastructure projects, our experienced team can help arrange specialist Trade Disruption Insurance to suit your operational requirements.