You know the forestry industry is changing, and so does BFL CANADA.

In Canada, forests are a vital resource and a central industry. BFL CANADA understands that your success in this sector is the result of smart planning and hard work. We appreciate the efforts you made to get to where you are, and we are here to help mitigate the risks you face as you continue to grow in forestry.

We have access to strong resources in the forestry insurance sector. No other brokerage firm in Canada succeeded in setting up a captive insurance group buy during the 2011 insurance crisis (when the LUA, Lumbermen’s Underwriting Alliance, pulled out from the market without warning).

Forestry is a cyclical industry, and directly connected with the construction sector. As a wood-processing products manufacturer your goal is to keep your company growing and keep it strong. To do this you want partners like BFL CANADA who can contribute to the stability of premiums and markets.

BFL CANADA has built its success largely through our niche products, and our sterling reputation in forestry testifies to this. We have assembled top-notch resources and highly qualified professionals in the field, who understand your business just like you do.

Captive insurance that works for you

Downturns during good economic cycles, losing profits to production modernization, losing a competitive edge; these are all issues we know you have to contend with as a forestry producer. That is where BFL CANADA comes in. We have developed a unique captive insurance model designed with a sawmill’s property assets in mind. Our captive insurance targets cost control and product stability, gives you some “skin in the game,” and offers numerous other benefits. Clients wishing to join the captive are subject to a rigorous assessment of their operational risks to become part of the purchasing group in which all are responsible, resulting in better control over potential claims. The proof? In nine years, BFL CANADA captive insurance reported no claims to the insurers.

EQUIFOR Insurance Program

BFL CANADA has been offering an insurance program for forestry equipment with a reputable insurer for several years. This program was set up by our team and allows you to obtain industry-specific coverage, all while benefiting from our broker’s expertise to make an informed choice.

Discover your coverage solutions

Catastrophic insurance claims can occur in the forestry business. Expanding global markets, plant closures and consolidations, depressed commodity pricing, and fluctuating currencies are some of the competitive demands facing Canada’s forestry products industry.

That is why a sound risk management and insurance program is an essential part of a strategy to maximize profits and protect assets from financial threats.

BFL CANADA can help you minimize your risks and prevent losses to keep your business afloat and running.

We offer a range of comprehensive insurance brokerage services to companies to the many forestry industry sectors, predominantly in the lumber industry, including wood pellet producers, pulp and paper, cogeneration, harvesting, silviculture and all other value-added wood products.

PROPERTY AND BUSINESS INTERRUPTION

PROPERTY AND BUSINESS INTERRUPTION

Covers all your property and assets, such as your buildings, your machines or your entire stock of raw materials or semi-finished products. It can also safeguard your revenue stream in the event of work interruptions by covering the portion you would have received. We know how much time and money it takes to build a business in the forestry industry, and we also understand how suddenly a fire, for example, can destroy everything.

GENERAL LIABILITY AND PRODUCT LIABILITY

GENERAL LIABILITY AND PRODUCT LIABILITY

Compensates a third party for damage that may be physical or material.

FORESTRY EQUIPMENT

FORESTRY EQUIPMENT

Provides coverage for damages, such as fire, to your forestry and heavy equipment that is located in or near a forest. This coverage also protects your equipment, including harvesters, transporters, graders, excavators as well as the costs related to the rental of a replacement machine so your operations can continue with no hassle.

CONSTRUCTION

CONSTRUCTION

Guarantees protection on business risk review, insurance program interpretation and guidance, wrap-up liability programs, environmental impairment liability policies, builders risk insurance, annual contractor’s property, equipment and commercial general liability programs as well as professional errors and omissions insurance.

WORKER'S COMPENSATION AND EMPLOYERS LIABILITY

WORKER’S COMPENSATION AND EMPLOYERS LIABILITY

Workers’ compensation is a type of insurance that offers employee compensation for injuries or disabilities sustained as a result of their employment. This insurance protects employers from financial loss if a worker has a job-related injury or illness not covered by workers’ compensation.

ENVIRONMENT

ENVIRONMENT

Insures you against these risks, as well as the costs of potential decontamination, liability, operations and clean-up. There is growing public interest in how companies manage environmental issues. Those who adopt a cavalier attitude in this regard may be subject to negative publicity, lawsuits, boycotts and customer disaffection. Insures you against these risks, as well as the costs of potential decontamination, liability, operations and clean-up.

TRADE CREDIT

TRADE CREDIT

Protects you when your clients no longer have the ability to stand by their payment obligations. It offers protection against unexpected losses such as insolvency, bankruptcy, slow payment (non-payment) and political risk. Insuring your buyer portfolio is the most cost-effective way to protect yourself against non-payment.

DIRECTORS AND OFFICERS LIABILITY AND EXECUTIVE RISKS

DIRECTORS AND OFFICERS LIABILITY AND EXECUTIVE RISKS

Covers you for the basic defence costs and third party indemnity features and also for: employment practices liability, environmental liability defence costs, outside directorships, spouses’ defence or entity/corporation coverage.

CYBER RISK

CYBER RISK

Protects you and your company from threats to your digital communications, essential customer information datasets, etc. No industry or business today is immune from cyber risks. Your supply chain integration, e-commerce pipelines and, datasets and networks are all vulnerable to various types of cyber risk. 

Cyber Risk insurance includes:

  • Information Security and Privacy;
  • Privacy Notification Costs;
  • Regulatory Defence and Penalties;
  • Website Content Liability.
RECLAMATION BONDS AND SURETY REQUIREMENTS

RECLAMATION BONDS AND SURETY REQUIREMENTS

Deals with and offers products such as: bid bonds, prequalification or commitment letters, performance bonds, labour and material payment bonds, maintenance and warranty bonds, etc.

ADMITTED PAPERS REQUIRED IN FOREIGN COUNTRIES

ADMITTED PAPERS REQUIRED IN FOREIGN COUNTRIES

Helps those who operate internationally or are considering doing so, to obtain the legal and other documents required in different jurisdictions. Some countries have long lead times for obtaining documentation, and international brokers can help you manage these timelines so you can meet your business deadlines.

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KIDNAP AND RANSOM

KIDNAP AND RANSOM

Reimburses the costs associated with a kidnap for ransom, extortion, detention or hijack incident. It also covers specified costs associated with the total impact of an incident – even when there is no ransom paid – such as fees for negotiators, lawyers, security guards, consultants or medical costs.


Representatives across Canada

YOUR LOCAL TEAM

The BFL CANADA advantage in a competitive market

BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.

INDEPENDENT AND CANADIAN OWNED
100%
FORESTRY PROFESSIONALS
25+
EMPLOYEES
1,200+
YEARS OF SERVICE
35+

WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?

We are insurance brokers, we don’t work for an insurance company.

  • We negotiate on your behalf to get the best protection, rate and deductibles.
  • We work with you to develop tailor-made solutions adapted to your reality.
  • We deal with all major insurers that specialize in your industry.
  • We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
  • We are solution seekers for companies of all sizes and every industry.

At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.

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