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Business Catastrophe Insurance in Clinton Charter Township and Sterling Heights, MI

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 Waters Edge Insurance Agency a call today.

Our Location

Waters Edge Insurance Agency

37102 S. Groesbeck Hwy
Clinton (Township), MI 48036
Main office: 586-690-8572

Our Providers

Testimonials

Thank you for always being there for us and our little items that keep coming up. Thanks again for your follow-ups.
Paul and Margaret
Dear Stan, Thank you so much for all your time and attention to this matter. We truly appreciate it. You’re a doll.
Barry and Lynette Hay
Best insurance experience I have ever had! They were honest and gave me the best quote. Very happy with WatersEdge! Thanks Stan!
Samantha Moore
Waters Edge Insurance Agency is by far the best insurance agency I have ever been with. They are honest, hard working, easy to contact and truly care about their customers. If you are in the market for insurance look no further, you won't be disappointed I promise. Stan and his associates are second to none.
Franci Atcho
Thank you for your awesome service. I am so glad that I decided to switch agencies over to Waters Edge. You have taken the time to answer any question I may have had, and have been a huge part in the success of our business.
AGC Concrete