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Forestry insurance

STANDsure forestry insurance

STANDsure is a comprehensive and innovative forestry insurance plan providing owners, investors, managers and consultants with a level of protection needed to protect standing timber. 

With the scope of cover and simplicity of the product, STANDsure leads the way in insurance for the forestry sector. Our experienced brokers have access to specialist forest underwriters and products, and can also arrange carbon credit insurance and liability cover to protect your business investment.

What STANDsure covers

Our STANDsure forestry solution offers the following protection:

  • Cover for fire, lightning and explosion
  • Cover for wind at no extra cost
  • Policy can extend to include earthquake and volcanic eruption
  • Cover for site clearing and replanting costs can include infrastructure assets within the forest
  • Cover for site clearing and replanting can extend to include costs of clearing and felling undamaged trees to assist with salvage recovery
  • Payment of consultancy costs for managing and preparing your claim
  • Specialist support to regularly review your cover and keep policy enhancements up to date
  • Ability to include cover for carbon credits (NZUs) even if the plantation is 'carbon only'

STANDsure also includes insurance for additional costs and expenses associated with

  • Site clearing and replanting costs
  • Infrastructure damage
  • Firefighting costs and levies imposed under the Forest and Rural Fires Act
  • Claims preparation costs, including costs associated with managing salvage operations

You can select the amount of cover for each of these additional extensions to the standard policy.

Help with forestry insurance

We know that many small forest owners either have no insurance cover in place for their trees or they insure their forests for fire cover only Wind damage is a greater risk in terms of loss frequency and total cost of claims than fire.

Insurance should be arranged for the full value of the forest, enough to properly compensate the owners if their investment is lost or delayed in reaching maturity through loss or damage.

If you are not arranging for formal valuations of your forest it is important to regularly adjust the values to adequately reflect the growth and any changes in the exchange rates, log prices and other factors that might affect the financial risks facing you as the owner or investor.

Our specialist brokers are here to help and work alongside a dedicated claims support team to assist our forestry customers. If you need to make a claim, we’ll do it on your behalf and work through to settlement. Contact us to find out more about forestry insurance cover, and protect your growing investment.  

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