Forestry insurance is an All Risk cover for companies working in the forestry and arboricultural trades.
It covers business interruption and common risks that can impact your business, such as fire, malicious damage, and injury. Our cover is specially designed for foresters, forest owners, contractors, sawmill companies, harvester and forwarder operators, and paper and pulp companies in the Nordic region.
Howden’s Forestry insurance covers damage to the forest and trees themselves, as well as loss or damage to business assets like buildings, stock, machinery, office and other contents. It also protects against the fallout of the resulting business interruption, with cover for lost income and damaged reputation.
All Risk cover means that your Howden policy will include cover for a wide range of risks such as fire, lightning, flood, impact damage, aircraft damage, bursting of pipes, malicious damage, theft, and accidental damage. Essentially, an All Risk policy covers any risk that might befall you, except for those explicitly stated in your policy wording. And because we adapt your cover to suit your needs, you can choose what is included and what isn’t.
Operationally Adapted insurance
It sounds fancy, but it’s pretty straightforward. We will tailor your policy to fit you. So you get the cover you need, without paying for cover you don’t.
You can choose the level of your deductible (sometimes called an excess) to suit your needs.
Specialist brokers who are on your side
Our brokers are forestry sector professionals who know the industry inside out. In the event of a claim they are on your side of the negotiating table, bringing long-standing relationships with insurers to smooth the process.
Expert risk partners
Our Forestry Insurance policy includes loss prevention recommendations, and risk assessment reports and advice, to help you keep premiums down and claims to a minimum. We also offer advice and support in developing your catastrophe and continuity plan.
A helpful note:
With Property Damage policies like this one, it’s important to keep an accurate value of all assets to be able to demonstrate how your sums insured have been arrived at in the event of a claim. Most policies insure the value of reinstatement with new equivalent items including installation. Policy definitions are key - often Buildings include walls and car parks, Machinery includes customers' goods, Stock includes work in progress, etc.
Our Forestry insurance is an All Risks policy, but it still has some exclusions. If you need cover for a particular excluded risk, we can arrange add-ons.