Business Catastrophe Insurance in Cary, Greensboro, and Raleigh, NC

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 Pelnik Insurance a call today.

Our Locations

Triangle Office

100 Ridgeview Drive, Suite 100
Cary, NC 27511
Main office: 919-459-8000

Triad Office

3828 Burlington Road
Greensboro, NC 27405
Main office: 336-621-5057

Our Providers

Testimonials

High caliber, phenomenal customer service!! Expeditious responses from agents and extraordinarily knowledgeable! Accolades to all you folks that work at Pelnik Insurance!! I am very pleased to be a customer!!
Anne S
They provide the best pricing around, but the most important reason to do business with Pelnik Insurance is the professional, kind staff. Claims situations can be difficult, but they made it painless. First Class Agency!!
Jeanette B
I have never had to submit a claim before, but recently had a significant hail damage claim. I was worried about how long it would take to fix and a little lost as to what I needed to do. Pelnik Insurance helped me handle it quickly and very professionally too. Overall, great service from their staff and they were able to save me a significant amount of money on my insurance policies. Thank you!
Alex K
After a less than satisfactory experience with a couple of large, faceless insurance companies, I was referred to Pelnik Insurance. After my first meeting with Chris Pelnik, it was an easy decision to begin consolidating all of my business insurance to his agency. Throughout the 3+ years I have been with Pelnik, I have received outstanding customer service. Because we are frequently asked to provide insurance documentation to our customers, I make a lot of requests of the company. I have even had to file some claims. Every employee I have dealt with has provided immediate personal service. I also appreciate the annual review of my policies which is done in a face-to-face meeting prior to the renewal date of my policies. I highly recommend Pelnik Insurance.
Bruce F
Exceptional customer service and extremely competitive pricing are just some of the few reasons Pelnik Insurance has my business.
Robert T