Earthquakes occur most frequently in California than any other state in the US, and in fact Southern California experiences as many as 10,000 earthquakes annually. General Liability and coverage from Business Owner Packages may not cover damages from this type of natural disaster.
Business Earthquake Insurance is a specific insurance that covers damages caused by shaking which includes structural damages, loss of property and other damages that may occur during an earthquake. Earthquake coverage is usually purchased as an endorsement to the standard business owner policy or can be purchased as a separate stand-alone policy. However, this type of insurance is expensive and availability due to geographical location may be limited.
Earthquake coverage includes:
- Business Personal Property
- Loss of Business Income
- Earthquake Sprinkler Leakage
- Betterment or Repairs required by local ordinance or law