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Commercial Earthquake Insurance

What is Commercial Earthquake Insurance?

Most commercial property insurance policies exclude earthquake damage, yet many local business owners do not purchase earthquake coverage, even though we live and work in a seismically active area with a history of major quakes.

Commercial earthquake insurance policies generally cover:
-Structural damage due to seismic activity.
-Damage to the property such as inventory, equipment, and machinery.
-Some policies may also cover lost business income as the business interruption stemming from an earthquake.

 

Are There Any Requirments To Obtain Coverage?

Some carriers may require commercial structures to undergo inspections and make repairs and/or upgrades — such as securing the building to its foundation, bracing walls, chimneys, or other masonry, as well as other structural improvements — before issuing a policy.