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While it’s unsettling to think about, scientists say it’s not a question of if, but when the big one will hit our region.
We live along the Ring of Fire – the most geologically active region on earth. A place where more than 80% of the planet’s earthquakes happen.
One of the biggest mistakes business owners can make is to think it won’t happen to them. If you’re still wondering whether or not you need earthquake insurance – consider these facts:
- Damage caused by an earthquake typically isn’t covered by commercial property insurance; you need separate coverage.
- Structured correctly, earthquake insurance protects more than just buildings; it can cover equipment, inventory, and even loss of income.
- Damage can happen miles from a fault line; even if you’re hundreds of miles away from a fault line or the quake’s epicenter, you can still sustain damage.
- Government support may be delayed; federal assistance after a disaster may be limited. If funds do come, they may take months to arrive – time most businesses can’t afford.
Learn more about protecting your business from the threat of earthquake here.