Logging Insurance
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What Insurance Do Logging Need?
A Fiduciary Bond (or Surety Bond) protects a fiduciary - someone who is granted power over another person’s interests or assets via a will or contract - from being sued for alleged fraud, embezzlement, or dishonest acts.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Frequently Asked Questions
Why do Logging Professionals need insurance?
Companies that specialize in cutting and transporting timber and producing wood chips fall under this industry.
Logging professionals need insurance to protect them from the many unique risks that your business might face. The insurance will pay for the covered incidents so you don’t have to pay for the expenses out of your pocket.
What risks do Logging Professionals face?
Logging professionals face many unique risks. Below are some of those:
- The vehicle you used to transport logs was involved in an accident. Your business is proven to be at fault for the accident.
- Your warehouse full of logs caught fire. Most of the logs have been burnt to ashes.
- Your employee was injured while chopping logs.
How much does the Logging Insurance cost?
The cost of insurance for logging professionals will depend on the size of the business, the number of employees and the coverage required. If you want to know the cost of your insurance policy, apply online to get a free quote or call our insurance experts.