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Delivering a Comprehensive Insurance Program for Veneer & Plywood Manufacturing

The veneer and plywood manufacturing sector in the U.S. serves the building, construction, and home improvement industries, which set the pace for its growth or decline. According to the U.S. Department of Commerce, nearly half of veneer and plywood output goes to construction, mainly residential. Roughly a quarter of the output is used in other lumber and wood products industries, with the remainder primarily used in furniture and fixtures.

Veneer consists of layers of wood peeled from logs. Plywood can then be made by gluing these veneer sheets together, alternating the direction of the grain for each sheet. Typically, plywood sheets measure 4 feet by 8 feet. Veneer also is glued to lumber, fiberboard, and medium density fiberboard, and is used in the production of oriented strand lumber and other engineered woods.

The sector was hit hard when the overall construction experienced a downturn after the economic collapse in 2008. With the construction spending up, particularly in the U.S. housing and remodeling markets however, U.S. output by lumber and plywood product manufacturers is expected to experience a high growth rate over the next two years.

While this is good news for the veneer and plywood manufacturing industry, the continued viability and success of any operation depends on having a responsive insurance and risk management program in place to protect its assets, operations and employees, and the ability to get back up and running in the event of a loss or accident. Continental Underwriters can provide you with custom insurance and risk control solutions for your clients so that they have a strong business continuity plan in place in the event of a loss, and can continue to experience growth and expansion.

With us, you can provide your clients with an array of insurance products that include:

  • Property
  • Inland Marine
  • General Liability
  • Commercial Auto
  • Workers Compensation and Employers Liability
  • Commercial Umbrella
  • Employment Practices Liability
  • Equipment Breakdown Coverage
  • Crime Coverage

What’s more, our risk management services help to identify cost drivers, including when it comes to Workers Compensation, so that you can assist clients in reducing the frequency and severity of their accidents and injuries. Common injuries in plywood and veneer manufacturing work include workers being struck by a power or hand tool or metal or wood product, including logs. In fact, these types of “struck by” injuries account for nearly 30% of all serious injuries among plywood and veneer manufacturing workers. With us as your partner, you can help your clients address these injuries, stem losses and reduce premiums.

Continental is here to help you meet the insurance challenges of the forest products industry.

Let us help you secure a comprehensive, custom insurance program for your clients. Give us a call at (804) 643-7800, or email us at info@contund.com.