Logging contractor's equipment
Zurich’s Logging Contractor’s Equipment insurance program insures logging and lumbering, wood yard and sawmills, chipping, and land clearing operations. Coverages include first party physical damage to mobile equipment, machinery and tools.
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