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Business Catastrophe Insurance in Paso Robles CA & Atascadero CA

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 Ted Hamm Insurance a call today.

Our Location

Ted Hamm Insurance

1503 Park St
Paso Robles, CA 93446
Main office: 805-719-7086

Our Providers

Testimonials

We needed a business policy for a newly signed lease. Ted Hamm Insurance gave us a good policy at a fair price and expedited the process. It was completely painless and we will do business again and refer as well
Mark McConnell, Paso Robles
We were interested in finding an agency to proactively care for our insurance. We found exactly what we needed in Chris Raders at Ted Hamm Insurance. They have been terrific!
Aaron Peri, Paso Robles
I appreciate the alternatives with which we were presented and how succinctly the differences in our options were 'boiled down' for us. Made it easy!
Melissa Froehner, Atascadero
I have been with Ted Hamm since 1988. Ted and his staff have always met our need, always courteous and knowledgeable. In times like these it’s a great feeling to have your business with someone you can trust and depend on.
Silvia Nerelli, Tempelton