Brokers for Forestry Insurance in Quebec City
Forests cover more than half of the province of Quebec. Quebec is also home to 31% of Canada’s total forest industry employment and exports around $12 billion of forest products every year. Businesses can manage a wide range of risks associated with operating in the forest sector by obtaining forestry insurance in Quebec City. Learn more about policies for logging, lumbering and wood products firms located in the capital city of this province.
The Leading Forestry Insurance Policies
Québec City is the second-largest city in the province of Quebec and the eleventh-largest city in Canada. Natural resources in this region include coniferous forests that are harvested to produce wood products such as paper, pulp and timber. As of 2018, the gross domestic product of Québec City ranked first in Quebec and seventh in Canada. Forestry firms in this metropolitan area can manage risk with several types of policies:
- Liability: Businesses in the forest sector face considerable liability risks from hazards in forestry work environments and incidents on commercial property. A HUB International broker can recommend coverage to minimize exposures for these businesses.
- Equipment: Forestry enterprises rely heavily on their equipment to ensure they can deliver. Broken equipment in need of repair can bring your business to a half and negatively affect your bottom line. Proper equipment coverage can help get your operations back to normal and reduce the negative financial impact of equipment breakdown.Loss Control: Implementing safety programs and obtaining coverage to protect against loss can be beneficial for contractors, owners and operators. Given that 72% of companies operating in the Quebec forest industry are small businesses, losses can pose a significant risk.
More Policies for Forestry Insurance In Quebec City
Firms operating in specific forestry subsectors may need additional insurance coverage. Land clearing, logging and lumbering are high-risk fields that involve the use of mobile equipment and the transportation of valuable cargo. The manufacture of wood products also involves unique risks that enterprises can manage with the right policies. HUB insurance brokers can work with business owners and contractors to assess current coverage levels and provide quotes for any of the following policies:
- Commercial Auto: Commercial automotive coverage can cover a business's vehicles, including trucks that transport logs or wood products. Consider policies for short- or long-haul transportation that cover bodily injuries and property damage.
- Employee Benefits: Approximately 68,000 people are employed in the forest sector in Quebec. Offering competitive benefits can be an effective way to recruit and retain qualified workers.
- Inland Marine: Coverage for mobile equipment and property in transit can reduce risks associated with forestry operations. Inland marine policies can cover losses due to fire, damage during transportation or theft.
- Property and Casualty: Commercial property and liability policies can limit exposures for any enterprise. Discuss the unique needs of a forestry firm in Quebec City with a HUB International insurance broker.
- Timber Bonds: Surety bonds for the forestry industry can enforce contract terms and guarantee job completion. These policies provide assurances that a business can meet its obligations. Get quotes with premiums based on bond amounts and local regulations.
Any of these types of forestry insurance in Quebec City offers more comprehensive coverage for firms in the forest sector. A HUB broker can provide policy quotes and information about the best ways to minimize exposure for businesses that harvest, process or manufacture wood products.