EXTREME WEATHER ENDORSEMENT – NEW JERSEY
Many disasters pose a risk, such as fire, supply chain disruptions, etc. But increasing variability in extreme weather events is having a greater impact on businesses.
According to Property Claims Services, estimated losses resulting from disasters were $33.6 billion in 2011 and $34.9 billion in 2012. In 2013, weather-related power outages accounted for ~26% of all power outages experienced in New Jersey. As victims of these events, many business owners learned that an extreme weather event can:
• Quickly exhaust insurance policy limits
• Cause losses that are not covered by a typical Business Owner’s Policy
Without proper insurance coverage and adequate limits, many businesses will find it difficult to survive. In fact, almost 40% of businesses do not reopen after a disaster.
EXTREME WEATHER ENDORSEMENT MEETS AN UNMET NEED
To help protect small businesses – and enable them to prevail when a catastrophe strikes – Prime Insurance offers an Extreme Weather Endorsement. It takes a package approach to providing key coverages that can help protect a business from loss or damage caused by weather-related catastrophic occurrences.
Contact Prime Insurance online www.PrimeIns.com for more information and together, we can help you weather the unexpected...