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Business Catastrophe Insurance

Business catastrophe insurance is an additional level of coverage that goes above and beyond the standard business policy most small and medium-sized companies have. As a business owner, you want to be absolutely sure that your investments are protected in case of unforeseen calamity—nobody wants to see all of their hard work destroyed by fire, theft, or anything else. However, every policy has its limits, and if the damage to your business is so severe that it exceeds the limits of your current business or property coverage, you'll be expected to pay the difference yourself.

Business Catastrophe Insurance Features

Business catastrophe insurance comes into play to prevent you from having to pay the excessive cost of a catastrophic loss. If you exceed the normal limits and the claim is for a qualifying event, this coverage will provide an additional level of protection and reduce or eliminate the portion of the claim that you would otherwise have to pay out of your own pocket. Here are the important things to know about this policy:

  • Business catastrophe insurance coverage amounts are proportional to individual business types and indemnity periods. Most companies purchase this policy and get at least one million dollars of coverage, just to be absolutely sure they have the protection they need if something goes extraordinarily wrong. Sometimes these extraordinary situations can arise due to the nature of a certain business, or because of a freak accident or natural disaster. One of our agents can help you determine an appropriate coverage length and amount.
  • This coverage may protect you from things your normal policies do not. While the specifics depend on the plan you get, business catastrophe insurance is usually offered as an umbrella policy that can cover almost anything that might occur.
  • This is the last resort, not the first. If a claim is covered by your normal policy and doesn't exceed those limits, your business catastrophe policy will not be utilized. Its main purpose is protecting you against particularly large claims, just in case something goes wrong and you truly need the extra protection.

For more information about business catastrophe insurance, give Insurance First Inc. a call today.

Our Location

Insurance First Inc.

217 N Bullard Street
Silver City, NM 88061
Main office: 575-567-3495
Toll free: 844-534-9118
Fax: 877-428-2479

Our Providers

Testimonials

Chelsea looks for lower rates for each of our many policies every year, and delivers. We appreciate her helping our school. Saving us money on our insurance helped our grant significantly!

El Grito Head Start, Silver City, NM
As a new company, we were looking for an insurance agency that would find the best coverage at the best price to fit our needs. Insurance First was that agency. Chelsea and her staff have gone above and beyond our expectations. We look forward to doing business with Insurance First for years to come.

Chapos Insulation, Albuquerque, NM
I found the personal attention I received from Chelsea to be exceptional. Whenever I had any issues, she did all the work to resolve them right away. Thank you Chelsea for making my insurance needs effortless.

Elly Katz, MI