Arrowhead Small Business Commercial Earthquake

Offered by Arrowhead General Insurance Agency, Inc.

Earthquake California Earthquake Stand Alone Earthquake

Description

Arrowhead’s Small Business Commercial Earthquake program provides coverage for Earthquake, Flood and EQSL risks tailored to smaller commercial and habitational properties in California. With a streamlined quoting process and a focus on thoughtful risk evaluation, this program delivers flexible solutions backed by A+ XV rated carriers. 

Product highlights

• Coverage limits:

    • Up to $10M for commercial occupancies. 

    • Up to $20M for habitational occupancies (HOA, apartments, multi-unit condos). 

• Total insurable values (TIV)

    • $250K to $10M for commercial occupancies. 

    • $250K to $20M for habitational occupancies. 

    • TIV under $5M requires full limits purchase. 

    • TIV of $5M+ or more requires a minimum loss limit of $2.5M. 

• Deductibles:

    • Per unit deductible: 5%-25% (five options per quote). 

    • Minimum earthquake deductible: $50K. 

    • Minimum flood deductible: $50K. 

• Valuation = replacement cost; BI = actual sustained loss. 

• Additional coverages:

    • Business income (up to 40% of account TIV). 

    • Building ordinance, with full Coverage A; B and C sub limited to 10% of all building values. 

• Fees:

    • Policy fee: $300. 

    • Inspection fee: $300 (billed on all new business and every third year for renewals). 

• Minimum premium: $2,500. 


Target markets

• Commercial occupancies and smaller businesses in California. 

• Habitational properties, including HOAs, apartments and multi-unit condos (4-unit minimum), located in California. 

Program restrictions

• No single-family dwellings or HOAs with only common area values. 

• Property age restrictions:

        • New business: 
                         •     Wood frame: 1970 or newer.
                         •     Other construction classes: 1980 or newer.

        • Renewals: 

                        •      Wood frame: 1960 or newer.
                        •      Reinforced joisted masonry: 1965 or newer.
                        •      Concrete tilt-up: 1976 or newer. 
                        •      Reinforced concrete/steel frame/metal: 1970 or newer. 

        • Exclusions:

                        • Risks with tuck-under parking, poorer construction types or older                                 construction will be declined. 
                         • Soft soil situations or high liquefaction risks will be declined. 

Details

$20M Maximum Premium

$2.5K Minimum Premium

Has Pen

Appointment Required

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Carrier Information

QBE Specialty Insurance Company, Everest Indemnity Insurance Company, Steadfast Insurance Company

Admitted

Rating By AM BEST

Listing Contact

Keith Richardson Sr. Underwriter

Offered By

Arrowhead General Insurance Agency, Inc.

13 listings in 50 states + DC

Engaged View Company

Availability 1 state

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Covered

Not Covered

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