The forest products industry is a highly specialized field that has very specific needs when it comes to insurance. What works for other types of businesses may not necessarily fit in the mold of a chip mill. Chip mills insurance is designed to protect owners and employees from potential losses that could harm the company. By investing in a comprehensive policy, owners are able to reduce losses in order to stay productive.
A High-Risk Environment
A chip mill facility grinds whole logs into small pieces, or chips, which are used in the production of particle board or paper. These facilities use high-tech equipment that have complex mechanisms that move at incredibly fast speeds. Workers at chip mills are exposed to risks in these hazardous working conditions, which can result in accidents and potential losses if the company does not have chip mills insurance.
Chip mill facilities can benefit from several different types of insurance policies, depending on their specific needs. Some of the most common insurance types used by chip mills include:
- General Liability
- Workers Compensation
- Property Insurance
- Commercial Auto
- Employers Liability
By purchasing chip mills insurance, these facilities are able to better control risks and operations, keeping them in business even in the event of an incident. Creating a custom insurance package for your company is a great way to get the coverage you need.