Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Commercial Auto insurance provides liability and damage protection for the vehicles you use to conduct business. The insurance will cover the liability risks, physical damages, medical payments, hired vehicles, non-owned vehicles, uninsured motorists and other coverage in case of an accident. The coverage is much higher than personal auto.
Commercial Property insurance protects logging professionals’ physical assets from damage to your business property due to explosions, pipe bursts, theft, vandalism, and storms. All property stored inside is covered as well. Flood and earthquake are typically not covered unless these are added to the policy.
Workers' Compensation is a state-mandated insurance that provides medical and rehabilitation benefits to workers who got sick or injured on the job. It can also provide lost wages in this no-fault system where it doesn’t account if the employee or the employer is at fault. The insurance also gives up employee rights to sue employers directly for negligence or damages.
A Surety Bond is a legally-binding contract that ensures obligations are met between three parties: the principal, the obligee and the surety. In this contract, the insurance company will guarantee the principal will be able to fulfill the obligations to the surety. It provides a form of insurance to the obligee in which the beneficiary can file a claim if the promise is not met.
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.
Logging professionals face many unique risks. Below are some of those:
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.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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