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Hundreds of New Zealand forests are insured through Gallagher (formerly Crombie Lockwood). We provide owners, investors, managers and consultants with the level of insurance cover needed to protect standing timber.
Insuring forests is a specialist field, with its own risks. It is also further complicated by the value of carbon within the forest, which makes the trees more valuable but adds obligations.
We are trailblazers in forestry insurance in New Zealand. We were the first to provide wind damage cover (the major risk for many New Zealand forests), and to bring cover for lost carbon credits to the New Zealand market.
Too often critically important extensions of forest insurance cover are not given proper consideration. Forestry is a specialised area that requires specialists underwriters and policy wordings.
Alarmingly, many small NZ forest owners either have no timber insurance and forestry machinery insurance in place for their trees or they insure their forests for fire cover only, and have no cover for wind or carbon credits.
With many years’ experience our specialist brokers give expert advice and provide exclusive access to international specialist forestry underwriters.
Traditional forest insurance often only covers fire damage, but as we specialise in standing timber cover we offer our clients a much broader range of protection against:
Our STANDsure forest protection plan includes cover for:
Our specialist brokers are here to help you protect your growing investment 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.