570-392-9969

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 Molyneaux Insurance Agency a call today.

Molyneaux Insurance Agency

204 N Front St

Sunbury, PA 17801

Main office: 570-392-9969
Fax: 570-286-7367

Office Hours:

Mon: 9:00 AM - 5:00 PM
Tues: 9:00 AM - 5:00 PM
Wed: 9:00 AM - 5:00 PM
Thurs: 9:00 AM - 5:00 PM
Fri: 9:00 AM - 5:00 PM
Sat: By Appointment
Sun: Closed

Our Providers

Testimonials

I love how you have helped save me and my clients money on our home owners and car insurance! Thanks for all you do! Its nice to know that there's an insurance agent on our side! I hope we can do much more business in the future!
Laura S.
I had been with the same insurance company since I started driving. I always just assumed that because I was a loyal customer and had a clean driving record that i was getting the best rate possible and was not looking to switch companies. I have known Bradley for many years so when I heard that he had started 'Molyneaux Insurance' I decided to inquire about prices believing that the quote I would be given would be higher than what i was currently paying. To my surprise, it was not! I had learned that through all my years of service with my insurance provider I was over paying...ALOT!!! Bradley took the time to drive to my home and sit down with me and go over every detail to make sure I understood the policy and still had the best coverage. Without hesitation I switched and currently save $2000 a year for the same coverage!!! I didn't have to worry about making any uncomfortable phone calls to cancel my old provider either...Molyneaux Insurance does it all! Bradley even made a follow up call to make sure I received my new cards and that my old provider had received the cancellation paperwork. I recommend Molyneaux Insurance to everyone!!
Alicia M.