Catastrophic perils such as floods (even when caused by a hurricane) and earthquakes are generally excluded from most standard property coverage forms. To protect your business from these risks, you should consider a Difference in Conditions (DIC) policy, which provides coverage for these perils.

Avalon can assist you in obtaining a quotation for DIC coverage, as well as for Business Income and Extra Expense coverage if your business cannot operate because of a catastrophic event.

Anywhere it rains, it can flood. In addition, the damage and destruction caused by hurricanes also increases flood risks.

Almost 40% of small businesses never reopen their doors following a disaster because just a few inches of water can cause enormous damage. Throughout the past five years, the average commercial flood claim has amounted to more than $85,000.

The common misconception that earthquakes only happen in California was proved wrong when a 5.8 magnitude earthquake rippled through the East Coast in August 2011.

In actuality, about 5,000 earthquakes occur every year in the United States. Earthquakes of various magnitudes have occurred in 39 states since 1900, and damage has been recorded in all 50 states.

Make sure your business is protected. For more information about DIC policies or obtaining coverage for flood and earthquake perils, contact your local Avalon office or email