Risk and Insurance: Understanding remote drilling
Drilling work is often undertaken in remote areas which are not blessed with the infrastructure, workforce and access to spare parts available on a fully-equipped mine site. Drilling operators and contractors face a myriad of unpredictable risks, from equipment breakdown to property damage to injury, which are harder to manage in isolated areas. The longer the period of unplanned downtime, the greater the financial hit to a business through lost productivity. Connect Business Insurance (CBI) specialises in providing insurance cover and risk management to the mining industry including drilling operators, contractors and companies. CBI director Paul Cohalan said one of the most common hazards for drilling clients relates to employer liability and worker’s compensation. Mr Cohalan said drilling work, by...