Commercial earthquake insurance helps to keep your company's foundation stable.

Earthquakes can shake the foundations of your business. You require business earthquake insurance.

Commercial property insurance may not cover earthquakes.

You might not realise it, but your commercial property insurance coverage may exclude earthquake damage. This implies you'll need additional earthquake coverage to ensure your safety. You should think about commercial earthquake insurance, especially if your company is located near a geological fault line, which is prone to earthquakes. Standard commercial earthquake insurance often covers damage to your structure and business property, such as damaged inventory or equipment.

Earthquakes have the potential to disrupt your business operations.

Earthquakes rip apart communities, causing cracked and broken roads, downed power lines, landslides, and fires. All of these issues, including any damage to your structure, can force your firm to close for days, weeks, or even months. Some earthquake insurance policies include business interruption coverage, which can help you avoid financial issues by providing income to your company until normal activities resume.

What is not covered by earthquake insurance.

It is critical to understand what your earthquake insurance policy will most likely not cover so that you are aware of any coverage gaps that may exist. For coverage against fires and car damage, consult your commercial property insurance and business auto insurance. Earthquake insurance normally does not cover land damage such as sinkholes or erosion, and you will need to purchase a separate flood insurance policy to protect your business from water main breaks, tsunamis, or other types of flooding triggered by the earthquake. Earthquake insurance typically excludes the following:

Your company should think about ways to reduce its risks.

You never know when the next major earthquake will strike and destroy your business, so it's critical to explore how your company can prepare for the worst and limit the hazards that an earthquake brings. Risk management services can assist you in preparing for an earthquake by analysing your present coverage for gaps and then acquiring coverage to safeguard your structure, property, and personnel. Taking efforts to manage your risk may help you save money in the long run.

Want to learn more about commercial earthquake insurance and how it can help safeguard your company? Please contact us to learn more and to discuss your coverage choices.