This type of coverage is designed to provide solutions when traditional insurance options are not available or adequate. But when do you need to get surplus lines insurance for commercial property? In this post, we'll take a closer look at surplus lines insurance and when it may be the best option for your clients.

Property catastrophe insurance protects policyholders from damages from natural and man-made disasters, including losses from flooding, earthquakes, riots, and terrorist attacks. Let’s further explore underinsurance, the risk it poses to business owners, and how agents can help their clients address the problem.

Standard commercial property insurance policies cover damages to a business’s physical assets caused by perils like fire, theft, wind, and lightning. However, they often have exclusions for losses due to natural and human-made disasters. Here’s what you need to know about catastrophe coverage, including what it is, how it works, and how it can protect your customers.