In order to be prepared for any potential challenges that may arise while working in the woods, it is important to have a well-thought-out plan. CMB Insurance Brokers offers tailored insurance options for the forestry and wood processing industry.
Our team has a wealth of experience in risk assessment for various wood-related businesses, including logging contractors, sawmills, lumber dealers, and remanufacturing plants. We understand the importance of offering competitively priced insurance packages that provide coverage for direct property and stock losses, lost income, and the timely replacement of assets.
What’s unique about forestry insurance?
Forestry insurance is a type of insurance that covers risks associated with forestry activities, such as the cultivation and management of forests and the production of forest products. It is designed to protect against financial losses resulting from various hazards that can affect forestry operations, such as natural disasters, fires, pests and diseases, and other unforeseen events.
Forestry insurance differs from other types of insurance in that it is specifically tailored to the unique risks and challenges faced by those working in the forestry industry. These risks can vary widely depending on the specific location and type of forestry operation, as well as the type of products being produced. As a result, forestry insurance policies often include a range of coverage options that can be customized to meet the specific needs of individual forestry operations.
Some common types of coverage included in forestry insurance policies include property coverage, liability coverage, and business interruption coverage. Property coverage helps protect against losses resulting from damage to buildings, equipment, and other physical assets, while liability coverage helps cover the cost of legal claims arising from accidents or injuries that occur on the property. Business interruption coverage helps cover the loss of income and additional expenses that may be incurred if forestry operations are disrupted due to a covered event.
Liability insurance for the forestry industry
Liability insurance is an important component of forestry insurance, as it helps protect forestry operations from financial losses resulting from legal claims arising from accidents or injuries that occur on the property. An insurance quote for a forestry insurance program can be customized to include various coverage options that are tailored to meet the specific needs of individual forestry operations. For example, a forestry insurance policy may include coverage for logging equipment, as well as wood products and other assets, in addition to property coverage and business interruption coverage.
By obtaining a comprehensive insurance quote and selecting the right insurance program from a forestry insurance broker like CMB, forestry operations can protect themselves from the risks and challenges they face on a daily basis.