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Business Catastrophe Insurance in Urbandale IA & Winterset IA

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 Neal Insurance LLC a call today.

Our Locations

Urbandale Location

Urbandale Location

4434 114th Street
Urbandale, IA 50322
Main office: 515-996-4396
Fax: 515-252-6215

Winterset Location

1217 N 6th Ave #3
Winterset, IA 50273
Main office: 515-575-9526

Our Providers

Testimonials

Neal Insurance is top notch and I would highly recommend them to anyone looking for insurance needs. They handle all of my insurance from home & auto to business. I know they're always looking out for my best interests and are always a phone call away!

Jesse Landolt
Courteous and professional staff. Patrick got me the best rate on my home and auto insurance. I get always get personal service and feel confident Neal Insurance is always getting me the best bang for my buck!

Tyler Winegar
Neal Insurance is a top notch organization who pride themselves on honesty and integrity. I couldn't be more proud to have them covering my family and I in case tragedy, but if said tragedy ever occurs I know I have the right people backing us! I only wish I would have made the switch to them sooner. Great people!

Preston Kaufman
Neal Insurance is such a great insurance company to work with and all the employees are very helpful! I would recommend them to anybody looking for an insurance provider!

Joe Roush