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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 Johnson & Johnson Insurance Agency, LLC a call today.

Our Location

Johnson & Johnson Insurance Agency - Moorhead

1730 30th Avenue South
Moorhead, MN 56560
Main office: 218-233-1411
Toll free: 800-279-1060

Our Providers

Testimonials

So helpful in getting you exactly what you need. They actually care about their clients and work hard to build relationships with them. I would definitely recommend this company :)
Amber Anderson
Great people and great rates. cannot recommend highly enough
Andrew Atchison
If you are looking for great service and people to work with on every insurance need you have, you have come to the right place. My agent Sean Bertie shoots straight with me on the coverage I need for my home, family and auto. He is willing to go out of his way to save us money, while making sure we are completely covered and I appreciate that. Johnson & Johnson is a great local company and you can tell by walking through the door, and building a relationship with them that they really care about your needs. I would recommend Sean and the whole Johnson & Johnson family to anyone in need of or looking for insurance.
Cy Groslie