Hub International Limited (HUB) has launched HUB Forestry Select Insurance, a new program designed to address the specific insurance needs of Canada’s forestry industry.
The product targets contractors, sawmills, manufacturers, and businesses involved in access road maintenance and powerline clearing.
The solution offers coverage for a range of industry-specific risks, including fire, equipment breakdown, liability, and cargo loss.
HUB said that the program provides streamlined underwriting, competitive pricing, and dedicated claims support. The goal is to help forestry businesses manage day-to-day operational risks while maintaining longer-term stability.
“Our goal is to support the forestry industry with an insurance solution that not only delivers meaningful value but also fosters long-term business resilience,” said Marc Chouinard, HUB’s national practice lead for Agribusiness in Canada. He added that the product reflects the firm’s understanding of the sector’s risk profile and operational challenges.
The program incorporates risk management tools and consultation with insurance professionals experienced in forestry. It was developed using resources from Specialty Program Group Canada (SPGC), a HUB-affiliated entity that provides specialty insurance, underwriting, and brokerage services across various industries.
The introduction of HUB Forestry Select comes at a time when Canada’s forestry sector is facing heightened risk exposure. As one of the country’s key natural resource industries, forestry contributes significantly to GDP and employment, particularly in British Columbia, Quebec, and Ontario.
The sector involves complex operations in remote environments and depends heavily on equipment and transport systems, making it vulnerable to property damage, environmental liability, and business interruption.
Insurance demand in this segment has grown in response to increasing claims related to wildfires, climate events, and logistical challenges. Brokers and underwriters are placing greater emphasis on customized products that can account for the operational variability across forestry businesses.
HUB’s offering seeks to provide tailored coverage and sector-specific guidance to meet these evolving demands.
