What will commercial earthquake insurance cover? A standard commercial property insurance policy will NOT cover earthquake insurance; it is considered a “special” coverage, so you’ll need to take out a separate policy. This add-on will usually cover damage to your building, inventory, and work property like computers. It may also cover lost income during business interruption.
How is my deductible determined? Usually, earthquake insurance has a high deductible, anywhere from 2-20% of your business’ value, location, building condition, construction materials, foundation, and age. An insurance adjuster will usually come out to inspect your business and possibly require upgrades before you qualify. Upgrades may include:
Bracing chimney and walls