Lumber Specialty
The SIU Lumber Specialty program provides an excellent Admitted and Excess & Surplus market for distributors of building materials and the primary and secondary manufacturers of wood products. Property, General Liability, Business Auto and Workers' Comp coverages available!
PREFERRED EXPOSURES & AVAILABLE COVERAGES: (Max TIV 20M to 25M)
Property, General Liability, Business Auto
- Building material dealers
- Cabinet manufacturing
- Door manufacturing
- Drywall distributors
- Furniture manufacturing
- Hardware store
- Laminated beam manufacturing (no construction)
- Log homes manufacturing (no construction)
- Log Trucks
- Logging
- Lumberyards
- Millwork, window & door manufacturing
- Pallet manufacturing
- Planning mill
- Sawmill
- Truss manufacturing (no construction)
- Veneer and plywood manufacturing
- Wood preserving
- Wood product manufacturing
Workers’ Comp
- Building material dealers
- Cabinet manufacturing
- Door manufacturing
- Drywall distributors
- Furniture manufacturing
- Hardware store
- Log Trucks
- Logging
- Lumberyards
- Millwork, window & door manufacturing
- Planning mill
- Truss manufacturing (no construction)
- Wood product manufacturing
- Underwriting Guidelines:
- Submission Requirements:
- Three-year loss ratio below 40%
- Including PC-9 and PC-10
- Stable ownership; No major changes in operation in past 3 years
- Involved, responsive and on-site ownership
- Buildings with effective age less than 25 years
- Adequate loading and unloading programs
- Lower hazard products liability exposure
- Financially secure insureds
- Local and intermediate radius vehicles
- Written driver-safety programs
- Completed ACORD application
- Lumber Specialty Supplemental application
- Loss runs by line of business for past 5 years
- Expiring and target pricing
- 2 week lead time requested
- If requesting property coverage: Interior/exterior photos of buildings; Lumber statement of values
- Accept new business submissions up to 110 days out
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From Insurance Business America