The powerful 6.4 and 7.1 magnitude earthquakes that rocked Southern California on July 4th and 5th have many business owners questioning whether they would be covered if their business was damaged during an earthquake. Unfortunately, business earthquake coverage isn’t included in your commercial property insurance or business owners policy – so if you aren’t paying for a specific earthquake insurance policy, then you probably aren’t protected for damages resulting from a seismic event.
What Does Business Earthquake Insurance Cover?
Business earthquake coverage is designed to help you rebuild, rebound, and recover after a devastating earthquake. It can cover:
- Structural Damage: Including direct and indirect damage, such as flooding caused by sprinkler leakage.
- Contents Damage: Including inventory, machinery, and equipment.
- Loss of Business Income: To cover lost profits while repairs are underway.
Do You Need Earthquake Coverage?
To help decide, consider your location’s seismic activity and the financial risks of damage. Earthquake insurance can be costly, but without it, recovery costs could be devastating.
Ensure You’re Prepared for Seismic Risks
At Swarts, Manning & Associates, we provide a unique perspective on all of your commercial coverage options, and we help to determine which carrier best fits your business needs. We strive to find you the broadest coverage at the best available rate. Give us a call to get started: (833) 878-2820.
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