Forestry insurance 

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.

Our experience

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.

Insurance solutions to protect forests

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:

• Fire
• Lightning
• Explosion
• Impact
• Malicious damage
• Wind damage
• Earthquake
• Volcanic eruption 
• Cover for carbon credits.

Our STANDsure forest protection plan includes cover for:

• The trees themselves
• The value of your NZUs or carbon credits
• Plantation infrastructure such as roads and firefighting stations
• Site clearing and replanting costs
• Claims preparation and salvage costs

Help with New Zealand forestry insurance

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.

We offer:

• access to expert specialist forestry underwriters
• access to unique product solutions with international backing
• a separate liability package
• specialist support to regularly review your cover and keep policy enhancements up to date.