X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
It’s wise for producers to recommend employee practices liability insurance (ELPI) to all lumber and wood dealers. In addition, cyber liability ranks as a high area of exposure for these businesses.(Credit: Petrovich12/stock.adobe.com) It’s wise for producers to recommend employee practices liability insurance (ELPI) to all lumber and wood dealers. In addition, cyber liability ranks as a high area of exposure for these businesses.(Credit: Petrovich12/stock.adobe.com)

From barges backed up in the Atlantic Ocean to price escalations and labor shortages, 2021 brought its share of challenges for business owners in the lumber and building material industries. Yet the past 12 months also included some encouraging signs, giving us a clear direction on how producers can best help lumber and building material dealers reduce their risk profiles and weather the storms to come in 2022 and beyond.

The good news is lumber and building material dealers were among the first to recover from the COVID-19 pandemic following the initial round of business shutdowns in early to mid-2020. It’s easy to see why — as people needed supplies, they also needed pallets to ship those supplies. That need brought building material dealers online fairly quickly. Sawmills came back online shortly thereafter.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.