SIU’s Releases New Forestry Program
According to the US Department of Labor, logging is the most dangerous occupation in the United States. Chain saws and logging machines pose hazards wherever they are used. As loggers use their tools and equipment, they deal with massive weights and irresistible momentum of falling, rolling, and sliding trees and logs. Take into account uneven, unstable or rough terrain; inclement weather including rain, snow, lightning, winds, and extreme cold and/or remote and isolated work sites where health care facilities are not immediately accessible and the hazards are considered, well, extreme.
How in the world do you insure all the risks associated with Forestry and logging? Generally speaking, you have to go to multiple places to place all the risk. Not every carriers appetite for logging risk is the same. SIU’s creation of a Forestry Program can solve a problem that a lot of insurance agencies have, getting all the coverage from the same organisation. Here are a few tidbits on the Forestry Program.
The Forestry Program includes all operations associated with the harvesting and preparation of timber including, but not limited to, felling, trimming, skidding, transporting, sawing or planning, ownership/operation/use of teams and construction of service roads in connection with logging and lumbering operations.
Equipment and Inland Marine
Exclusive capacity both Admitted and Non Admitted paper.
Can also cover leased/rented equipment, miscellaneous tools and equipment, and rental reimbursement.
available only: AL, GA, IN, KY, MI, MN, MS, NC, OH, PA, SC, TN, VA, WV, WI
Minimum premium: Liability: $1,000 (up to $1,000,000/$2,000,000 limits)
- Maximum Limits: $1M per Occ/$2M Aggregate/$2M P/CO
- Deductibles: $500 per Claimant
- Inspection: New Business -Mandatory site inspection; Renewals- Mandatory site inspection if operating at different location.
We also have Over-cutting Limited Liability Coverage and Limited Fire and Vehicle loading coverage.
Primary Liability up to $1,000,000
- Physical Damage
- No minimum or maximum number of units
- New Ventures acceptable
For a more information, you can click HERE