Logging contractor's equipment
Appetite:
The following classes of business may be written in this program:
- Logging and lumbering
- Wood yard and sawmills
- Chipping operations
- Land clearing
Ineligible risks:
- Auto Liability
- Auto Physical Damage
- General Liability
- Workers' Compensation
Geography:
- Nationwide except AK and HI
Submission requirements:
- A completed ACORD 125 is required of all submissions
- ACORD 146 schedule of equipment
- Currently valued loss runs for the most recent prior three years with details on all claims over $25,000, or a signed and dated no loss letter from the insured for prior three years
Coverages offered:
- Inland Marine
- First Party Physical Damage coverage to mobile equipment, machinery and tools typical to the logging and lumbering industries
Coverage limits:
- Up to $2,500,000 per item and $10 million per occurrence
Admitted or non-admitted paper:
- Admitted in all states, with the exception of Florida which is non-admitted
Additional coverage options available:
- Rented/Leased equipment limit
- Rental reimbursement
- Miscellaneous tools and equipment
- Trailer and spare parts coverage
- Higher limits available on newly acquired equipment