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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 Dorsey & Associates LLC a call today.

Our Location

Dorsey & Associates LLC

6624 Germantown Ave, Unit A
Philadelphia, PA 19119
Main office: 215-874-0986
Fax: 866-713-1173

Our Providers

Testimonials

Alex Soto is an awesome Customer Serivce Agent. He goes beyond the call of duty to work with clients. I appreciate his knowledge of the business and would remain a loyal customer.. Hats Off Alex a job well done..

Niecey
I must applaud the staff at Dorsey and Associates, in particular Alex, whom I have dealt with for a few years now. I surely appreciate his customer service skills and his attention to the needs of clients. I have never experienced a business that will reach out with the clients best interest in mind, and be helpful in saving money where it is possible, and explain the process or requirements. He surely goes the extra mile, he is easy to work with, and I highly recommend doing business with this office.

DDPhilly
I needed information about their services; and greatly appreciated the polite and patient agent who helped me and answered my questions. Thanks!

deescriv
I would like to applaud the knowledgeable and professional service received from Nationwide. It enabled me to save money and make informed decisions on my car, homeowners and health care needs.

DWilliams
I had a very pleasant experience in having my business questions asked and answered. I have the impression that the espirit de corp of the office exhibits professionalism and knowledge.

BizCustomer