Who can argue with the fact that loggers and related businesses have so much potential for risk? Because this industry understands the activities in which damage, injury, and even death can occur, not many insurance companies are willing or experienced enough to write correlated policies. As such, only those carriers that offer the specialized coverage are accessible to the industry.

About lumber industry insurance

Logging companies evolve around cutting down trees in dense forests, hauling logs to sawmills, and everything in between. Related coverage can be purchased from specialized companies that focus on localities where logging is essential to the population’s economy and associated exposures. These professionals know the complexities involved in the hazards of the equipment, as well as the vehicles used to transport the wood. While liability is at the forefront, the aspect of workers’ compensation is difficult to locate and requires experienced hands-on management.

About Property Damage Liability Coverage Broadly for Loggers

In essence, this type of logger coverage is a form of fire coverage insurance. This insurance protects against ‘care, custody and control’ risks in relation to loggers who carry out their work on land that they do not own or with trees that belong to someone other than themselves. The policy guarantees a reward for physical damage or destruction of the tangible property of others. It also incorporates the loss of use due to an event that is directly related to the loggers’ work and includes the costs of an incident that is directly associated with logging operations. Coverage also incorporates costs associated with fire fighting efforts in a fire that was caused by anyone for whom the logging company is liable by law.

About Insurance for Wood Products Industries

In a broader sense, any member of the lumber industry, including those who work on wood products, recognizes that insurance coverage is a real necessity.

Here are some companies that need different types of specialized lumber insurance:

• Those who deal with building materials
• Cabinetmakers
• Door manufacturers
• Drywall dealers
• Furniture manufacturers
• Hardware stores
• Manufacturers of laminated beams
• Log house manufacturers
• Logging companies
• Manufacturers of carpentry and windows
• Pallet builders
• Planning mill
• Sawmills
• Truss manufacturers
• Sheet metal and plywood manufacturers
• Wood conservation companies
• Manufacturers of wood products

Related business ventures should note that not all classes will be approved for workers’ compensation. For more information on this special insurance, contact an independent insurance agency that has connections with specialized insurance companies.