Archive for Wood & Lumber Businesses
Building Materials Dealers
Carpentry Work Contractors
Carpenters erect the structural portion of dwellings and commercial wood frame buildings. If their work is faulty or not done correctly, all work that follows is also faulty.
Forestry or Foresters E&O
This insurance coverage is available to employed and consulting foresters who manage forest areas and nature preserves. It applies to damage caused by such activities as controlled burns, timber cruising, setting boundary lines, and wildlife management.
Loggers Broad Form Property Damage Liability
This is basically a fire legal liability coverage form. It protects the “care, custody, and control” exposure of logging contractors that log on land owned by others or on land that has standing timber that belongs to others. It pays all amounts the insured logger is legally obligated to pay because of physical damage to or destruction of tangible property of others, including loss of use that arises from an occurrence directly related to logging. It also covers fire-fighting expenses incurred by others for which the insured is legally responsible because of a fire caused by the insured’s negligence or the negligence of its employees. This coverage is available in areas where logging operations are important to the economy.
Logging Operations
There are certain parts of the country where logging and lumbering operations are important to the economy, and agents and brokers must find and maintain markets that understand and write logging and lumbering risks. Placing coverage with specialty carriers is necessary due to the special equipment and vehicles used in logging operations and to transport the logs to the mill for sawing and shaping into lumber. In addition to the liability hazards, workers compensation coverage is also often difficult to place and must be handled by carriers that are familiar with this class of business.
Lumberyards
Property coverage on woodworking and lumber risks is a problem because of the high potential for fire due to the extreme flammability of wood, wood scraps, and sawdust. The danger of explosion and total conflagration is correspondingly high. Adequate safeguards such as dust collection systems, fire cut-offs, and restrictions on the use of highly volatile lacquers and paints by some operations make such risks much more appealing. Even with these and other protective safeguards, many woodworking and lumber risks are still written in specialty markets. The broad classification of lumber risks encompasses all activities connected with this industry, from logging trees in the forest to operations that process crude logs into finished boards, paneling, or pulp.
Wood Product Makers
Woodworking
Woodworking and Lumber Operations
Property coverage on woodworking and lumber risks is a problem because of the high potential for fire due to the extreme flammability of wood, wood scraps, and sawdust. The danger of explosion and total conflagration is correspondingly high. Adequate safeguards such as dust collection systems, fire cut-offs, and restrictions on the use of highly volatile lacquers and paints by some operations make such risks much more appealing. Even with these and other protective safeguards, many woodworking and lumber risks are still written in specialty markets. The broad classification of lumber risks encompasses all activities connected with this industry, from logging trees in the forest to operations that process crude logs into finished boards, paneling, or pulp.