Commercial insurance is very important for businesses that are located in areas that are frequented by earthquakes, such as the state of California. Businesses that do not have the appropriate commercial insurance to cover them from earthquakes may find that additional damage caused by earthquakes, such as sprinklers going off in the event that an earthquake occurs, will not be covered by their existing policies. This can lead to significant amounts of expense for a business.
Commercial earthquake insurance, just like any other type of insurance, can be shopped around by an independent agent to multiple companies to ensure that a business gets the best possible rates. Also like other types of insurance, a business should regularly consider their commercial earthquake insurance to make sure that their premiums are still acceptable and that they are still getting all of the coverage they need.
Earthquakes can cause thousands, if not hundreds of thousands, of dollars worth of damage due to the intensity with which they strike. Companies not adequately prepared could be facing a disaster if one does occur.
For more information about earthquake insurance, and how you may need to modify your commercial insurance for the best in coverage, contact the California insurance experts at Risk Concepts Insurance Brokers.