Forestry is a challenging business. There are always potential incidents, accidents and events outside your control that can impact or affect people, tree stock and machinery. Your insurance needs to respond to your industry
Forestry Insurance Covers
In the forest's life cycle many contractors are employed. You may be a Harvester, Silvi, Mensurator, or a Transporter. All of you need financial protection against accidents that lead to damaged equipment or breaches in your legal responsibilities
Protecting trees as they are harvested and milled ensures you reap the rewards from your investment
- Tree stock damage
- Interruption of harvesting and/or milling through machinery downtime
It takes 30 years to grow a forest. You need insurance that evolves to cover:
- Young trees vulnerable to weather such as hail
- Standing timber, which includes plantation pine and/or woodlot – against fire, lightning, weather, landslip, malicious damage
Provides for loss of income through machinery breakdown or damage, weather events, accident, fire – to help maintain operation and employment
Regulations like the Health and Safety Act increase the onus on owners/directors for the safety of those who work for your forest. The RMA looks at any impact you make on the environment. You need protection to cover your legal responsibilities to your staff, contractors, the community, the environment and your shareholders