Jul 18 2011
Lumber Insurance For All Areas Of The Lumber Industry
Lumber insurance is a financial necessity in the lumber and lumber products industries, although coverage is often unique due to the wide range of concerns that must be addressed. Property and liability coverage is an important part of any business insurance, but they are not the only risks a lumber business will face. Equipment failure can lead to business interruption, which in a field that relies solely on production can be financially devastating. However, while the safety net of lumber insurance is necessary, the premiums can be very high.