Category: Insurance

If you’re an Indiana business owner, purchasing commercial insurance is essential. Many business owners wonder which types of insurance their business might need. If your business is near Plainfield, IN, our team at Gill Insurance Advisors can provide the answers you need. We’ve been assisting businesses like yours since 2017.

Mine Subsidence Insurance

If your business property is located near an abandoned coal mine, you may want to consider adding mine subsidence insurance to your coverage. According to the Indiana Department of Insurance, standard commercial property insurance does not cover damage caused by the collapse of a mine. Mine subsidence insurance can be added to your standard property insurance at any time. However, this coverage is only available for properties near underground mines, not active surface mines.

This insurance applies to damage from all underground coal mines, whether they are active or inactive. It is designed to cover damage to commercial structures but does not extend to trees, lawns, or other plants. While you can file a claim as soon as damage occurs, repairs cannot be made until there has been no further collapse movement for three months following the initial collapse.

Call Us Today for Your Appointment

At Gill Insurance Advisors, we don’t believe in a “one size fits all” approach to business insurance. We take the time to learn about your business and recommend insurance solutions that fit your needs and budget. Business owners in the Plainfield, IN, area trust us for their insurance needs. Contact us today to schedule an appointment and let us help protect your company.