Insurance Program Results

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Premium Opportunity Builds for Timber, Logging

Expect timber and logging carriers to grow premium volume as a result of a growth in exposures. While demand for timber and logging coverage is mounting alongside the upswing in housing starts, fire risk is rising with the persistent drought throughout much of the Western U.S. and pellet facilities cropping up around port towns in Texas, Louisiana, Georgia and Virginia have created a new market that many carriers haven’t yet addressed. Timberland owners’ search for additional revenue, which now includes granting hunting privileges, is also adding a new layer of liability. (7-28-14)

Woodworking Program

Administered By: Woodus K Humphrey & Co. (AmWins)

Distribution: MGA

Industries:

Artisan & Trade Contractors, Builders Risk/Home Builders, Logging/Lumber/Forestry Risks

Carriers: American Alternative Insurance Co., Pennsylvania Lumbermens Mutual Ins. Co.

Coverage: Boiler & Machinery, Business Interruption, Commercial Auto, Equipment Breakdown, General Liability, Inland Marine, Package, Property, Umbrella/Excess

Limits: up to - $2 million (General Liability), Property- - High Limits Available

Hunt Club Liability

Administered By: Davis-Garvin Insurance Agency

Distribution: Program Administrator

Industries:

Logging/Lumber/Forestry Risks

Carriers: QBE Insurance Corp.

Coverage: General Liability

Limits: $1 million Occurence - $2 million Aggregate (General Liability)

Hunt Lease Liability

Administered By: Outdoor Underwriters

Distribution: Program Administrator

Industries:

Logging/Lumber/Forestry Risks

Carriers: Lloyd's of London

Coverage: General Liability

Limits: up to $2 million, $1 million - $15 million (Umbrella)

Standing Timber Insurance

Administered By: Outdoor Underwriters

Distribution: Program Administrator

Industries:

Logging/Lumber/Forestry Risks

Carriers: Lloyd's of London

Coverage: Commercial Property

Limits:

Timberland Liability

Administered By: Outdoor Underwriters

Distribution: Program Administrator

Industries:

Logging/Lumber/Forestry Risks

Carriers: Lloyd's of London

Coverage: Legal Liability

Limits: up to $1 million (Per Occurence)

Timberland Liability

Administered By: Davis-Garvin Insurance Agency

Distribution: Program Administrator

Industries:

Logging/Lumber/Forestry Risks

Carriers: QBE Insurance Corp.

Coverage: General Liability

Limits: $1 million Occurence - $2 million Aggregate (General Liability), up to $1 million (Owners, Landlords, & Tenants)

Employment Practices Liability

Administered By: Kinsale Insurance

Distribution: Carrier Direct

Industries:

Accountants & Accounting Services, Architects & Engineers (A&E), Art Galleries/Fine Art/Museums/Antique Dealers, Auto Service and Repair, Auto/Car Dealerships, Aviation Risks & Airports, Banks, Brokers/Dealers, Camps (Youth, Sports & Enrichment), Chemical Manufacturers/Distributors, Commercial Auto (Public Transportation), Construction Equipment/Machinery/Materials, Educational Risks (School Administrators), Energy Companies, Film Risks, Gas Stations, Hospitality (Hotels/Motels), Insurance Agents, Insurance Companies, Investment Advisers, Lawyers, Logging/Lumber/Forestry Risks, Manufacturers (Hardware), Manufacturers/Manufacturing Risks, Mine/Mining Risks, Miscellaneous Risks, Museums, Nonprofit Organizations, Real Estate Agent/Broker, Research/Research Organizations (Clinical, Etc.), Restaurants, Retail, Social Services, Utility Companies

Carriers: Kinsale Insurance Co.

Coverage: Bodily/Personal Injury, Employment Practices Liability (EPL)

Limits: up to $5 million/$5 million (Primary Limits)

Mattei Programs Forest Products

Administered By: Alteris Insurance Services

Distribution: MGU

Industries:

Exporters/Importers, Logging/Lumber/Forestry Risks, Warehouses

Carriers: SPARTA Insurance Co.

Coverage: Commercial Auto, Crime, Equipment Breakdown, Excess, General Liability, Inland Marine, Property, Umbrella/Excess

Limits: - - - (Varies)

Contractors Equipment - Logging

Administered By: Zurich

Distribution: Carrier Direct

Industries:

Logging/Lumber/Forestry Risks

Carriers: Zurich

Coverage: Cargo, Excess, Machinery & Equipment, Property, Umbrella/Excess

Limits: up to $10 Million (CSL ($2.5 Million per item & $10 Million per occurrence))

Forest

Administered By: Victor O. Schinnerer

Distribution: MGU

Industries:

Logging/Lumber/Forestry Risks

Carriers: AIG, Granite State Insurance Co., Illinois National Insurance Co., National Union Fire Insurance Co., New Hampshire Insurance Co.

Coverage: Commercial Auto, Excess, General Liability, Property, Umbrella/Excess

Limits: up to $1 million (Commercial auto), up to $1 million (General liability- Per occurrence ), up to $2 million (General liability- aggregate)

 

Forest Products Program

Administered By: Bitco Insurance Cos.

Distribution: Carrier Direct

Industries:

Logging/Lumber/Forestry Risks

Carriers: Old Republic Insurance Co.

Coverage: Commercial Auto, Commercial Property, Equipment Breakdown, Excess, General Liability, Inland Marine, Umbrella/Excess, Workers' Compensation

Limits: up to - $100,000 (Provides BI, PD and environmental damage caused by a pollution incident on a worksite. Limit available is $100,000 and is subject to a $1,000 deductible each incident.), up to - $100,000 (Provides for damage to the property of others due to a fire subject to a per claim deductible. Provides coverage for damages to an auto of others caused by loading and unloading subject to a per claim deductible.)