If you are in the logging and/or forestry line of business, you may know that you need insurance in order to cover your company, yourself, and your employees. Those who are new to this sector may find that learning how forestry insurance works is somewhat of an overwhelming process. In this article, we will share information that you need to take the guesswork out of how forestry insurance works so that you are well prepared to select the best option for your company’s needs.
What Is Forestry Insurance?
Forestry insurance typically covers any business that is in the logging and/or forestry field of work. Forestry insurance can cover various issues that may arise, from the destruction of trees as a direct consequence of malicious acts, fire, earthquake, hail, windstorm, and other types of natural or man-made disasters. Other coverage can include protection for your vehicles, other necessary equipment, and workers’ compensation, to mention a few. Forestry insurance can also provide a wide variety of other types of protection for your business including, but certainly not limited to, firefighting, mitigation expenses, and replanting costs.
Why Do I Need Forestry Insurance?
Some people may wonder why they need forestry insurance. Regardless of what your company does in the forestry niche, you need to make sure that you have suitable forestry insurance to protect you, your company, and your employees. Forestry insurance can provide coverage for virtually anything that may potentially damage your company or its employees from accidents to injuries, and everything in between. If you are in the logging and/or forestry industry, you need to ensure that your company and your employees are covered in order to avoid downtime and unnecessary expenses.
Is There Any Specific Coverage My Company Needs?
This is largely up to what your company’s needs and desires are. When you are shopping around and conducting the research required for insuring your business, you need to take the time to determine what your precise coverage needs are. If workers’ compensation is something that is required by your state, that may be a good place to start.
If your equipment and vehicles are not properly covered, they need to be because, without them, work may stop, resulting in financial losses. There are seemingly limitless coverage options with forestry insurance, but the more information that you have, the better prepared you will be to decide what is in your company’s best interest to keep you covered and fully protected.
Where Do I Go For Help?
Finding the proper insurance policy may seem like an overwhelming and daunting task. But the good news is that there are many resources available to help you determine what is in your company’s best interests. Take the time to determine first and foremost what you need to protect and then go from there. The more research you can ultimately do with regard to choosing what sort of forestry insurance coverage your company is going to need, the easier it will be to make your ultimate decision.
Research also allows you the opportunity to come up with any questions or concerns you may have and then you should have the right person answer them when you are searching for the best insurance provider. Many insurance companies may attempt to oversell you on packages filled with coverage options that simply do not apply or pertain to your personal line of business. Doing this may be a costly mistake for many companies. However, when you determine what insurance coverage your company specifically needs, you can obtain a policy that meets what your company requires.
The Next Steps
When you first begin the process of determining what kind of forestry insurance package is necessary, you need to be sure that you understand what your company needs first and foremost.
Be sure to take the time to review the specific laws in your state to determine if there is any particular coverage that you absolutely must have (workers’ compensation, for example). Once you understand what type of insurance you need in terms of the law, you can then go about developing the best sort of policy to fit your company’s needs.
Why Choose Us?
At Burton & Company, our highly trained and knowledgeable staff can walk you through the entire process of what it means to have your company covered by forestry insurance protection while also helping you to choose the best policy to cover your company and your employees.
Finding the right forestry insurance that works for your company no longer has to be a stressful or overwhelming issue. When you are ready to take the steps to protect your company, Burton & Company is here to help you each and every step of the way.