Mining Rehabilitation Insurance
Ensure Compliance. Protect Capital. Safeguard the Environment.
We help mining companies meet legal and environmental obligations without tying up working capital. Our Mining Rehabilitation Insurance offers a cost-effective alternative to traditional financial provisions - freeing up your funds while ensuring full compliance with South African regulations.
What Is Mining Rehabilitation Insurance?
This policy provides financial assurance in line with the MPRDA act, NEMA act & DMRE covering the costs of environmental restoration after mining activities cease. Instead of locking up capital in trust funds or costly bank guarantees our solution offers flexibility through manageable premiums.
Why You Need It
· Legal Compliance: Meet mandatory financial provision requirements and avoid penalties or license suspension.
· Capital Efficiency: Keep your working capital available for operations rather than tied up in reserves.
· Risk Transfer: Shift the burden of rehabilitation costs
· Reputation Management: Show your commitment to responsible environmental stewardship.
How It Works
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Cost Assessment: Environmental consultants determine your rehabilitation liability.
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Policy Issuance: We issue a guarantee or insurance policy accepted by the DMRE.
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Premium Payments: Pay monthly or annually based on your liability and risk profile.
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Claims Support: Funds are made available in the event of non-compliance or closure.
What’s Covered
Our policies typically include:
· Land Restoration (levelling, topsoil replacement)
· Vegetation Replanting
· Water Treatment & Management
· Decommissioning of Infrastructure
· Pollution Control (air, water and soil)
Who Should Consider this Cover?
Perfect for:
· Open-pit and underground mines
· Wash plants
· Prospecting operations
· Quarries and aggregate producers
· Any business with environmental liabilities from mineral extraction
Protect your business, meet regulatory obligations and uphold your environmental responsibilities without tying up your capital.
Plant All Risk Insurance
Centric’s Plant All Risks (PAR) Insurance is designed for businesses operating in construction, mining and civil engineering - offering essential protection for your heavy machinery, whether mobile or stationary.
Comprehensive Plant & Equipment cover including:
· Excavators, TLBs, Graders & Bulldozers
· Cranes, Drill Rigs, Dump Trucks
· Compressors & Generators
Our policy offers all-risks protection against theft, vandalism, accidental damage and natural disasters such as fire or floods - ensuring your valuable assets are always safeguarded.
Built-In Liability Protection
We include on-site public liability cover to protect against accidental injury, death or third-party property damage for structural damage caused by machinery. This coverage helps manage legal exposure and associated costs.
Fire Risk & SASRIA Cover
Fires can be devastating which is why our policy also includes protection against fire spread and related liabilities. Additionally SASRIA cover (risks that standard policies often exclude) shields your business from losses due to strikes, riots and civil commotion.
Transport Insurance
Transport insurance is the foundation of Centric Risk Management and our expertise in this sector remains unmatched. Whether you're running a single vehicle or managing a large fleet we offer tailored insurance solutions that address the unique risks of the transport industry - keeping your business moving with confidence.
Comprehensive Cover for Heavy Haulage & Goods in Transit
Our cover is designed to protect both your assets and liabilities on the road:
· Heavy Haulage Cover for oversized loads and specialized equipment
· Goods in Transit and Contingency Cover for brokers
· Carriers Liability for cargo loss or damage
· Pollution Liability for accidental environmental damage
· Driver Fidelity Insurance for losses caused by driver dishonesty
Proactive Risk Management with Advanced Monitoring
Through our partners we provide real-time driver monitoring to reduce risk and improve safety:
· Fatigue detection & camera-supported claims
· Over-speeding and harsh braking alerts
· Unauthorized stop alerts
· Actionable driver reports for better fleet management
Added Benefits That Go Further
We offer exclusive features that support your business and reward good performance:
· Agreed value payouts & profit-sharing options
· Burner schemes and custom funds for large fleets
· Excess buy-back - accident, mechanical & mud towing
· On-site medical assistance & driver injury cover
· Cross-border protection - including riot & strike cover
Why Choose Centric?
We manage the entire claims process from the moment an incident happens. By using our own insurer-approved assessors, repairers and towing partners we keep the claims process simple and transparent. We help with everything from claim forms to admin and even visit repairers to speed things up when needed.
As brokers we understand that if your assets aren’t on the road you’re not making money. That’s why we act with urgency and precision minimizing downtime, maximizing efficiency and always putting your business first.
