Our office is now open, please note that we require all visitors to wear a mask if entering the office, as our staff will be doing the same to help prevent the spread of COVID-19. We are still able to take payments and provide policy service by phone at (330) 296-9936 if you prefer. Thank you.
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 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:
For more information about business catastrophe insurance, give BK Insurance & Financial Services, Inc. a call today.
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