Individual insurance solutions for all aspects of wood treatment and processingCorporate insurance concepts for the industry
Today, the wood industry is a global industry. In recent years, this industry has experienced steadily growing demand. The German forestry and timber industry is also intensively involved in the international market.
True to our motto: “Personal – Independent – Competent”, we develop individual and sustainable insurance solutions. Our corporate customers from the wood processing and production industry constitute an industrial focus in this regard. To ensure that profitable operations in your specific market are not jeopardised by the wrong insurance cover, we work together with you to develop a tailored risk profile.
Based on your risk profile, we can identify transferred, non-transferred and non-transferable risks. Your personal protection concept results from the synthesis of your individual company risk and your business policy decisions.
The challenges on the market
The increasing treatment and processing of wood is associated with a concentration of values in your company. This requires an appropriate insurance solution and a properly designed fire protection concept.
The significance of fire protection on a technical, structural and organisational level is becoming ever more complex and involves many hurdles. Hurdles also arise due to the increasing requirements imposed by government agencies and insurance companies.
In addition to all these challenges, deadlines that ever more densely scheduled must also be met (just-in-time / just-in-sequence). Therefore, you are compelled to organise your machinery and the logistics behind it effectively. Also the increasing values of your machinery and the tools, which are becoming ever more individual, must be appropriately protected. This is the only way to ensure that they will be quickly ready for use again after a loss due to business disruption.
In addition to all material risks, there is also a considerable entrepreneurial risk in the area of your supply chains. As a company, you can manage and control this risk yourself (supply chain management). A failure affects not only your success, but also the continuity of your business in a tough market. Also analyse your supplier’s sites, and the sites of your suppliers’ suppliers to protect against a failure. Also the increasing frequency of catastrophic natural disasters considerably boosts the potential of a loss occurrence, and should be included in your considerations.
With regard to liability insurance, there are significant challenges that shape the current “hard” market. The fast pace of our times and a rapidly growing economy increasingly fosters liability cases (personal injury, property damage and financial losses). For example: the absence of assured properties, testing and sorting costs for large batches, facilities that endanger bodies of water (tanks, thermal oil installations, etc.) or access to subcontractors, are only a fraction of possible damage scenarios. This means that a safeguard in the form of extended product liability insurance, if necessary recovery of recall costs coverage, as well as environmental liability / environmental damage insurance, is indispensable nowadays.