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Business Catastrophe Insurance in Canby OR & Portland OR

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 Gustafson Insurance Agency a call today.

Our Location

Gustafson Insurance Agency

541 NW 2nd Ave
Canby, OR 97013
Main office: 503-266-2216

Our Providers

"Count on Gustafson Insurance...We do and have for 15 years!" ~ Ed Netter Family
Ed Netter
"As Hope Village has grown so has our insurance needs. Scott and his staff at Gustafson Insurance have worked hard to evaluate and implement a program of insurance to take care of our growing development." ~Executive Director Hope Village
Hope Village
"Our family trusts all of our insurance with Gustafson Insurance. They've been helping us for over 20 years." ~Rick & Christina Beko
Beko Family
"I'm 100% satisfied with the professional service from Gustafson Insurance" ~Kory MacGregor, President Roth Heating
Kory MacGregor