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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 Solutions Group a call today.

Our Location

Insurance Solutions Group

4699 Auvergne Avenue, Suite 14
Lisle, IL 60532
Main office: 630-948-8325
Fax: 630-756-4104

Our Providers

Testimonials

Mike Kilroy is my "guy", I leave all my insurance headaches up to him. I've been working with ISG since I started my business and couldn't be happier. I recommend it to anyone who is looking to get best insurance prices around. They handle everything extremely professionally and in timely manner.

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ISG. Is a great company to work with. Mike Kilroy has helped me find an affordable insurance that works for me not once but twice. I would recommend ISG to anyone, anywhere, anytime. Give them a call now!

Juan E.
The ISG team has been a dream to deal with. This company is conscientious and focused on helping their clients find the right product. As a health market consultant, I am empowered by the partnership I have with ISG.

Martin M.