Businesses involved in wood products manufacturing and building material sales face unique challenges and risks that require tailored insurance solutions. From lumberyards to manufacturers, sawmills to distributors, the complexities of this niche demand expertise and precision. That’s where LumberPro, Novum’s proprietary insurance program, comes in. Designed specifically for businesses in this sector, LumberPro delivers comprehensive coverage and unmatched value for both agents and their clients.
Understanding the Risks in the Wood Products and Building Material Industry
Wood products businesses operate in environments where risk can vary dramatically depending on their operations. Some common operational concerns include:
- Combustible dust
- Flammable materials
- Welding / Hot Works
- Dust Filtration Units
- Auto fleets transporting raw materials or finished products.
- Logging and Lumbering
- Products Liability
Standard insurance policies often fail to address these specific needs. That’s why it’s crucial for agents to partner with an insurer that understands the intricacies of this industry.
What Makes LumberPro the Right Choice?
LumberPro isn’t just an insurance policy, it’s a specialized solution crafted for the wood products industry. Here’s what sets it apart:
1. Comprehensive Coverage - LumberPro includes coverage options tailored to the industry’s specific risks, such as:
o Property coverage for lumberyards, sawmills, and manufacturing facilities.
o Equipment breakdown insurance for machinery essential to operations.
o Commercial auto insurance for fleets involved in transporting goods.
o General liability tailored to the unique exposures of wood products and building material dealers.
2. Expert Underwriting - Our underwriting team has deep experience within wood products and building material operations. This will ensure your clients get the right coverage at competitive rates.
3. Streamlined Process with Novum Online - Through our Novum Online platform, you can quote, underwrite, and bind policies faster than ever. With a few clicks, agents gain access to multiple market options and receive customized solutions for their clients.
4. Industry Insights and Support - We provide agents with resources and insights to better understand the wood products industry. Our dedicated team is here to support you throughout the quoting and policy servicing process.
Who Can Benefit from LumberPro?
LumberPro is ideal for a wide range of businesses in the wood products and building material supply chain, including:
- Lumberyards
- Sawmills
- Wood Product manufacturers
- Retail / Wholesale Building Material distributors
- Wood Treaters
- Truss Manufacturing
- Cabinet Manufacturing
- Veneer Mills
- Pallet Manufacturing
- Furniture Manufacturing
Whether your client is a small business owner or part of a larger operation, LumberPro offers flexibility and scalability to meet their needs.
Why Partner with Novum?
At Novum, we believe in making insurance transactions simple and efficient for our agents. By partnering with us, you gain access to a wide range of commercial insurance markets and innovative programs like LumberPro. Our commitment to modernizing the insurance process allows you to focus on what matters most: building strong relationships with your clients.
Ready to Get Started with LumberPro?
Take your client relationships to the next level by offering them specialized coverage with LumberPro. Sign up on Novum Online today to start quoting and binding policies or contact us to learn more about how LumberPro can support your clients in the wood products industry.
Stay Ahead with Novum - Partner with us to deliver the best insurance solutions for the industries your clients depend on. Let’s grow together.