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Business Catastrophe Insurance in Derby, Wichita and Andover, KS?

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 IPK Insurance a call today.

Our Locations

IPK Insurance

707 N Waco Ave, Ste 101
Wichita, KS 67203
Main office: 316-686-6666
Fax: 316-425-0025

IPK Insurance (Habla Espanol)

1351 N Waco Ave
Wichita, KS 62703
Main office: 316-686-6666
Fax: 316-425-0025

Our Providers

Testimonials

Great customer Service.

Wanda S.
Quick response by Lisa, excellent follow through, excellent rates.

Robert I.
You got me the best rate out there and fast phone service.

Steven C.
Very kind and very helpful! Maria did everything she could to get me the best possible price! I have recommended IPK to all of my friends!

Mariah S.
I love the service and quality I get from IPK!

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You always take care of my issues on a prompt and professional manner thank you very much

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