Are you properly covered to take care of yourself, your business and your employees in the wake of an earthquake? | Colony West
October 2, 2022

Are you properly covered to take care of yourself, your business and your employees in the wake of an earthquake?

Catastrophe Insurance/By Colony West/0 comments

The lights are flickering. Your products, shelves and furniture are falling all over the floor. Photos are sliding off the walls and your employees are seeking shelter under desks and in doorways. The windows are rattling, and the ground is swaying beneath you. Are you properly covered to take care of yourself, your business and your employees in the wake of an earthquake?

We can’t predict ahead of time when an earthquake will occur. According to Earthquaketrack.com, there have been roughly 9,928 earthquakes in California in the last 30 days alone. While building standards have improved increasingly over the years and no longer seem to crack or crumble in 6.0 or larger quakes, it is important to know how your business is covered. Ensuring safety of yourself, your business and your employees is imperative for natural disasters. Luckily, here at Colony West, we go further to provide you the tools necessary to protect all that you’ve worked so hard to build.

Earthquake coverage means making sure you have the right property insurance. This coverage can protect you from a large variety of claims. These claims can include, and are not limited to, earthquake or earth movement, mudslide, sink hole, flooding and much more. In the wake of a small electrical fire caused by an earthquake, for instance, having the right property coverages can help you repair, replace and minimize your loss of income and production as a business. Earthquakes can cause store front windows to crack, or cement in your parking lot to rise and separate. Those are things you would swiftly want to repair so you do not endanger the safety of your employees and/or customers while impacting revenue.

According to the California Department of Insurance, the California Northridge earthquakes in 1994 amounted in over $12 billion worth in claims. Even if your building is up to code, which most are in recent years, it is impossible to know when a major earthquake can occur, and a standard business owners policy will not extend to these types of losses. Knowing the ways in which your company needs protection is imperative to your long-lasting success.

We are equipped to help you stay protected and ensure the safety of your business during the wake of unpredictable natural disasters, like an earthquake. Do not wait until something disastrous happens to your company to get yourself the coverage you need to rebuild should a natural disaster occur. Contact us today for a quote and make sure your business is ready to face whatever may shake your company tomorrow.