Forestry, Wood Processors, Lumber & Mill Insurance
Insurance protects businesses against financial shortfalls, property and equipment damage and serves as a key source of risk mitigation. An efficiently-structured insurance and risk management program tailored to your specific operations is critical to the ongoing success of your business.
CapriCMW brings decades of experience and specialized expertise in developing custom solutions for the forestry sector.
The forestry insurance market is ever-changing. As new innovations in coverages are developed and introduced, premiums and insurer capacities fluctuate based on local and global factors outside our control. CapriCMW’s Risk Advisors keep you informed of the trends that affect your business, and provide professional guidance and support with a unique understanding of the pressures you face with regulatory changes and emerging competitive markets. With this depth of knowledge, our Risk Advisors are positioned to deliver solutions that protect your assets and operations while supporting your long-term growth.
Our Risk Advisors specialize in solutions for:
- Wood product manufacturers
- Logging contractors
- Silviculture contractors and consultants
- Forestry management firms
- Forestry trucking and hauling operations
Proud Industry Partners
CapriCMW is a uniquely independent, employee and locally owned insurance brokerage with strong roots in BC. As employee-owners, our forestry sector advisors are uniquely capable of building and nurturing long-term client relationships.
With over 450 employees in 17 offices across BC, Yukon and Ontario, we are well-positioned to grow, remain independent and provide value to customers and businesses, while enriching the communities we serve.
Forestry Sector Insights
Actual Cash Value or Replacement Cost: 9 Key Considerations
Insuring property on an actual cash value (ACV) basis could lead a manufacturing business to permanent close in the event of a large claim. This article will explore the challenges of insuring property on an ACV basis and why we recommend insuring on…
Wood Product Manufacturers: 3 Ways to Reduce Your Insurance Premiums
There have been steady increases in insurance premiums for the wood product industry since 2012. Will Downing, a CapriCMW Risk Advisor specializing in wood product manufacturing, discusses the biggest concerns for insurance carriers and what you can do to…
Wood Product Manufacturers: Reduce Your Insurance Premiums and Avoid WorkSafeBC Fines
Will Downing, a CapriCMW Risk Advisor specializing in wood product manufacturing, explains how risk engineering reports help wood product manufacturers reduce their insurance premiums and avoid WorkSafeBC fines.
BC Proposes Building Code Changes to Allow 18-Storey Mass Timber Buildings
The provincial government has proposed changes to the British Columbia Building and Fire Codes (BC Codes 2024) that would expand the ways mass timber could be used in construction.
Applications Open for BC's Securing Small Business Rebate Program
As of November 22, 2023, small businesses in BC can apply for a new provincial rebate to help them repair commercial property damage caused by vandalism or implement measures to prevent or minimize property damage from vandalism.