Most business owners understand the importance of having insurance to protect against fire, vandalism, theft, storm damage, and many other perils – but what about earthquakes? Seismic activity can seriously damage structures, inventory, equipment, and other assets, but damage from earthquakes is excluded from most standard commercial insurance policies. To protect your business from the potential losses associated with earthquake damage, a commercial earthquake insurance policy can be purchased separately or may be added as an endorsement to your existing policy.
Commercial earthquake insurance protects against the losses associated with structural damage and property damage, which can be extensive. A structure that has been seriously damaged by an earthquake may cost hundreds of thousands of dollars or more to repair or may even be impossible to repair. What would happen to your operation if the facilities in which you operate were hit? Your commercial earthquake insurance policy protects against this risk.
The size and scope of your business are determining factors in the amount of commercial earthquake insurance your business needs. At Coleman and Davis Insurance Agency in Charlottesville, Virginia, we work directly with business owners in the community in all types of business insurance, including commercial earthquake insurance. Our goal is to help our local businesses survive any eventuality – including severe earthquake damage to a facility. Call us and speak to one of our local agents. We live and work here in Charlottesville, and we are always easy to reach when you need assistance. Call now.