No one can argue that the logging industry involves a great deal of exposure to risks. Due to the specific nature of the business, specialty insurance is required.

Insurance Coverage for the Logging Company

Logging operations involve cutting down trees in thick woodlands and hauling the logs to the saw mill, as well as related work. Associated insurance policies are written by specialty companies that focus on the industry that is vital to the economy of specific portions of the country. These insurers are well-versed in the perils involving logging equipment and logging trucks. Aside from the distinct liability hazards that these insurance companies must deal with, workers comp is hard to place and must be managed by underwriters that are both knowledgeable and experienced in the field.

Loggers Broad Form Property Damage Liability Insurance

Essentially, this broad form property damage liability coverage is a fire legal coverage insurance form. As in the above-cited coverage, this insurance is available in places where logging is central to the location’s economy. The coverage shields the ‘care, custody and control’ risks involved with logging contractors that work on property that is owned by someone else or where others own the standing lumber. All payment obligations for physical damage or destruction of tangible property of someone else are disbursed by the coverage. This includes loss of use resulting from an event that is directly associated to logging operations. The coverage also incorporates costs associated to putting out fires triggered by other people that the insured logging business is lawfully liable for - e.g., a fire that occurred due to the logging operation’s negligence or that of its employees.

For information about these types of specialized coverage, speak to an independent insurance agency that has been appointed to bind policies with related specialty insurance companies.

PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTrust, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage, including insurance for NJ, NY and PA, at competitively lowest quotes. Visit us on our online insurance website; email us at PRIME [at] primeins [dot] com or call us at 732-400-5242.

Summary: Logging operations face unique risks that need coverage that is offered by a specialty insurance company.