The market for woodlands insurance has, in the past, been restricted by the lack of insurers willing to underwrite such a specialist field. Commercial woodlands, if insured at all, have tended to be placed on cover through the management companies charged with looking after the forestry interests of clients. However the insurance often ends up with a restricted panel of insurers.

Lycetts has negotiated an exclusive woodlands policy with a major UK insurer and this is now available to our clients. The premium rates are extremely competitive with the broadest cover available.

Lycetts woodlands insurance is unique among insurers in that the salvage remains the property of the insured.

Agents and foresters need to take a number of factors into consideration when placing insurance. For example, the sums insured should be amended each year to reflect not only the increasing value of the timber, but also the costs of fencing, site clearance and professional fees. Equally, agents will need to consider what would happen to salvage in the event of a claim and indeed whether to extend cover to include windthrow. Other aspects of the cover include public liability and, if required, employer's liability.