Wood has never been the favorite line of business for industrial insurers, but now conditions for the industry appear to have become even more difficult. Almost one in four companies is no longer insured against fire damage, according to the German Saw and Wood Industry Association (DeSH). The reason for this is that insurers’ demands on fire protection are too high and premiums are no longer affordable, says Julia Möbus, managing director of the DeSH. In the case of some companies, the insurers did not extend the policies or even canceled them.
Many sawmills are not insured – Economy
