With many on the East Coast still coping with the aftermath of Hurricane Sandy, we touched base with Shorepoint Insurance to see how companies can prepare for similar disasters.
First of all, please tell us about your company.
Shorepoint Insurance Services specializes in businesses with an international connection. If importing or exporting, a company faces unique risks. We provide not only traditional insurance solutions, but also act as your consultants, reviewing your business and personal needs to provide a customized plan that will enable you to take advantage of new risk protection opportunities.
How can companies protect themselves against Mother Nature?
Many executives are asking themselves that very question and insurance can provide some answers. For example, Shorepoint offers all-risk coverage for your goods in transit anywhere in the world, from overseas warehouses to your final destination in the U.S.
What does your “all-risk” policy cover?
Property polices do not cover your inventory if it is damaged by an earthquake or flood and we’ve developed a solution that does, with lower deductibles and less premium than what you may be currently paying. In addition, it covers damage to your goods from acts of war, piracy and hurricanes. If you do have a loss, it will reimburse the full selling price of pre-sold goods, not just the manufactured cost, to protect your profits.
How can companies learn more about their insurance options?
More and more companies are looking to get coverage for these natural and man-made disasters. We also offer business interruption coverage, in case your business is shut down by a major event like Hurricane Sandy.
We offer the right solutions for our action sports clients and we can help you assess your company’s risks to get the coverage you need.
Contact us at 714-430-0035, or email Mike Kelly or Lorae Farmer.
