Why Earthquake Insurance Is Imperative for Your Business

When operating a business, you likely have multiple versions of insurance for your company. You may have theft insurance in case of a robbery and fire or flood insurance in case of a natural disaster. One of the most overlooked forms of coverage is earthquake insurance for businesses. If you operate in an earthquake-prone state such as California, Washington, Texas, or Virginia, having earthquake insurance can provide peace of mind to help your business recover quickly from an unexpected circumstance.

Earthquake Insurance 101

Even if an earthquake is minor, it can still cause costly damage that can significantly hinder your business if you’re not covered. When looking for earthquake insurance for businesses, consider the following:

  • The amount of coverage
  • The amount of your deductible
  • The allowed coverage for a damaged building or business income

Making Up for Lost Time

Earthquake insurance for businesses does much more than cover the cost of a damaged building. The insurance firmĀ Financial Guaranty Insurance Brokers, Inc. states that depending on the terms of your policy, earthquake insurance may even cover any lost income to your business because of damages.

Even if you don’t live in an earthquake-prone state, consider earthquake insurance. Coverage is affordable and will pay for itself instantly in the case of a disaster. By taking the time to research and invest in earthquake insurance for businesses, you can rest assured that your company will be protected in the event of an emergency.