Forest, Wood and Lumber Program

UIG has recently launched a Forest, Wood and Lumber program, supporting the lumber and building materials industry across the U.S. While a niche market, there is great potential to help you excel in servicing these clients in the way that UIG works best – quality products, competitive pricing.

Chainsaw

Let’s “cut” to the chase. How can UIG help?

Our new Forest, Wood & Lumber program is available for agents and brokers across North America. UIG companies can insure:  sawmills, veneer mills, pallet mills, plywood plants, wood preserving operations, all types of woodworking plants, as well as the manufacturers of timbers, cants, railroad ties, building materials, and other panel products.

UIG provides competitive coverages on a mono-line or package basis including: Property from $1 M to $250 M TIV risks and higher, Inland Marine, General Liability, Commercial Auto, Workers Compensation and Employers Liability, Commercial Umbrella, Employment Practices Liability, Equipment Breakdown Coverage and Crime Coverage for:

In addition, as many of you may be new to this market, we also wanted to provide some industry insights:

How big is the opportunity

Lumber yards play a critical role in the building industry. They supply contractors, homebuilders and individuals with the raw materials needed to construct a number of different types of structures. This business can be quite lucrative when administered properly, and an important part of managing this business is protecting it with a sound commercial insurance package.

  • There are approximately 10,161 lumber wholesalers operating in the United States.
  • These businesses employ nearly 114,000 people.
  • The lumber wholesale industry is responsible for about $84 billion in revenue each year.
  • In 2016, the top four companies generated less than 10 percent of industry revenue, signaling that the industry is composed of mostly small- and medium-sized operators.

Common Insurance Needs

Property and Equipment Coverage
• Building
• Contents
• Equipment breakdown
• Flood

Liability
• Premise liability
• Product liability
• Commercial auto liability
• Hired or non-hired auto liability
• Umbrella

General
• Business income
• Worker’s comp

* A completed submission is required 20 working days prior to the requested quote date.  We must have a complete and thorough submission to start underwriting. Once we have received all information, we will make every effort to meet your requested quotation date.