Mining Insurance in Saskatchewan
Insurance That Rocks, Because Your Mine Does.
Western Financial Group is an award-winning brokerage. We work with Canada’s leading insurance partners to get you the right coverage and value. We know how important it is to protect what you’re building.
What is Mining Insurance?
Mining insurance in Saskatchewan is a specialized form of coverage designed to address the unique risks associated with the mining industry. This includes protection for equipment, property, environmental liabilities, and worker safety.
The province of Saskatchewan has over 20 operating mines, producing potash, uranium, coal, gold, salt, meta-kaolin, silica sand, sodium sulphate, clay, bentonite, and rare earth metals.
Our insurance expertise will benefit your Mining business
We make the process easy by getting insurance quotes for you and giving you policy coverage options that you can choose for your Mining business's specific needs.
Whether your Saskatchewan mining company has an operational mine, prospecting and exploration projects, or is in the mine services and supplies sector, you will need customized business
liability insurance.
Who needs Mining insurance in Saskatchewan?
- Equipment Owners and Operators
- Mine services and suppliers
- Prospecting and exploration projects
- Mining Companies
- Exploration Firms
- Contractors and Service Providers
Why is liability insurance important for Mining in Saskatchewan?
Liability insurance is an essential part of your mining and mining services insurance package. Here are the liability coverages that you need to help protect your Saskatchewan mining company from lawsuits.
- Commercial general liability insurance is essential for your SK business. If you were sued, commercial general liability insurance would cover the legal costs to defend the claim against your business in court, as well as costs to cover damages to compensate third parties.
What other insurance coverages can I get for my Mining business in SK?
- Professional liability insurance
- Commercial Auto Insurance
- Commercial Umbrella Insurance
- Cyber Liability Insurance
- Business interruption insurance
- Directors and officers insurance
- Product liability insurance
- Surety Bonds
- Marine Cargo
- Non-owned aviation liability
While not always legally required, certain coverages and reclamation bonds are often mandated by provincial or federal regulations in Canada.
The following factors are usually considered when determining the cost of your business insurance:
- Location(s) and environmental risks
- Type of Mining (open-pit vs. underground)
- Number of employees
- Size of operation
- Any past claims
Yes, many policies include or offer add-ons for environmental liability, which covers cleanup costs and legal claims related to contamination or spills.
Yes. Exploration typically requires coverage for fieldwork and limited equipment, while production operations need broader policies, including property, liability, and business interruption.
Why choose Western?
When you get your insurance coverage through us, we will send you the certificate of insurance right away, so you can focus on what you do best. It’s easy, fast, and customized. Get an online quote, text, email, or phone call. Choose what works for you.
June 18, 2025
Why Veterinarians Need Business Liability Insurance
You could face an accusation of malpractice, a pet owner could get injured, or your computer…
June 11, 2025
What Insurance Do Roofers Need?
Having enough business liability is key to your insurance package for roofers. Roofers&rsquo…
June 10, 2025
Do Vacant Business and Residential Properties Need Insurance?
Vacant properties often fly under the radar when it comes to insurance coverage. Owners can…