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INSURANCE COVERAGE
 12 Months Ended
Dec. 31, 2021
INSURANCE COVERAGE  
INSURANCE COVERAGE

31.

INSURANCE COVERAGE

The Company has insurance coverage for operational risks, with a maximum coverage of US$1,000,000 corresponding to R$5,580,500. Additionally, the Company has insurance coverage for civil general liabilities in the amount of US$20,000 corresponding to R$111,610 on December 31, 2021.

Company's Management considers these amounts adequate to cover any potential liability, risks and damages to its assets and loss of profits.

The Company does not have insurance coverage for its forests. To mitigate the risk of fire, the Company maintains internal fire brigades, a watchtower network, and a fleet of fire trucks. There is no history of material losses from forest fires.

The Company has a domestic transportation insurance policy with a maximum coverage of R$208,000 and international in the amount of US$65,000 corresponding to R$362,733, effective through November 2022, renewable for additional 18 months.

In addition, it has insurance coverage for civil responsibility for Directors and Executives (D&O)  for amounts considered adequate by Management.

The assessment of the sufficiency of insurance coverage is not part of the scope of the examination of the financial statements by our independent auditors.