Insurance traces its modern history back to marine insurance in the late Middle Ages.

At that time, merchants and bankers became concerned about the safety of shipments. The bankers provided guarantees against loss. In return, merchants paid the bankers a fee for this protection. What became the modern insurance industry developed in England after the Great London Fire in 1666.


A short video on Insurance Basics

Risk is inevitable in the Forestry Industry; insurance helps address that reality. Insurance allows you to "trade" the chance of a large loss for certainty. This certainty comes in the form of smaller periodic payments, known as premiums. The "trade" of risk occurs through a legal contract called an insurance policy. This contract spells out the coverage, compensation, and/or other benefits.

What is going on with Log Truck Insurance?

The Log Truck Insurance Market is in upheaval and there appears to be no end in sight

Risk has two key dimensions—frequency and severity—and both help determine if a logger or log trucker can buy insurance. “Frequency” relates to how often a loss occurs, i.e., whether the risk/event is common or rare. “Severity” relates to how costly losses resulting from that risk could be, i.e., whether they could be inexpensive or catastrophic in nature. Our industry tends to fall on the severity side of this spectrum. The real issue arises when both frequency and severity are on the rise, which is where we are today.

What Log Truck Insurance Usually Covers....

Bodily Injury Liability

This portion of the commercial auto policy covers harm to others in an accident caused by you or your employee. Bodily injury coverage will provide compensation for medical costs, funeral costs if necessary, and the costs associated with a lawsuit. The amount of compensation your company receives depends upon the limit set on your bodily injury liability coverage, as well as your deductible.


A good Log Truck policy should include adequate collision coverage to pay for the damage to your vehicles in the event one of your employees or you cause an accident.

Uninsured and Underinsured Motorist

If one of your drivers is in an accident caused by another motorist who does not have adequate insurance, this coverage will help to pay for damages and injuries to their vehicle and their driver, up to the limits set on your policy.

Property Damage Liability

This coverage will pay the costs to repair property damage caused by your client or their employee. The amount of coverage they should receive is based on the limits you help them set and their deductibles. It is a good idea to work closely with your clients to assess their risks as well as the potential costs of injury, property damage and legal fees. For the best protection, consider buying a commercial umbrella liability policy.


Known also as “other than collision,” comprehensive coverage is an important protection for damage to your vehicles or loss due to causes other than collision. These causes can include weather, theft and vandalism.

Medical Payments

This coverage pays for medical and/or funeral expenses for your client, their drivers and any passengers after an accident