Insurance Program Results
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.)