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Commercial Flood Insurance

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Commercial Flood Insurance

Protect your business from unexpected floods with our Commercial Flood Insurance!

As a business owner, protecting your property from unpredictable events such as floods is crucial. Unfortunately, while most businesses have standard insurance policies, they often overlook the need for flood insurance, which can lead to massive financial losses. Our Commercial Flood Insurance is designed to offer comprehensive coverage to protect your business from the damage caused by floods.

Why Choose Us for Your Commercial Flood Insurance?

  • Extensive Coverage: Our Commercial Flood Insurance covers any damages caused by floods, including building damage, inventory loss, and business interruption.
  • Customizable Policies: We understand that every business has unique needs, so we offer customizable policies that can be tailored to fit your specific requirements.
  • Competitive Pricing: Our Commercial Flood Insurance policies are competitively priced, ensuring you get the best value.

Why Do You Need Commercial Flood Insurance?

  • Protect Your Investment: Your business property is a significant investment, and flood damage can be devastating. Commercial Flood Insurance provides the necessary protection to help you recover from such losses.
  • Compliance: Flood insurance may be mandatory for businesses in high-risk flood zones, and failing to comply with this requirement can result in penalties and legal issues.
  • Peace of Mind: With Commercial Flood Insurance, you can know that your business is protected, no matter what the weather throws at you.

Don't wait until it's too late to protect your business from floods. Instead, contact us today to learn more about our Commercial Flood Insurance policies and get a quote that fits your budget.

Click And Learn

Buildings
Contents
Increased cost of compliance
Prevention, Protection & Clean-up
Excess coverage

Buildings Coverage

Risk Factors

A flood can cause major damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC.

Solution

Commercial Flood insurance provides up to $500,000 in coverage for direct physical damage to buildings from or by flooding. This includes damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC. In addition, for businesses that rent their buildings, this coverage can provide for tenant improvements your business has made to the building you rent.

Contents Coverage

Risk Factors

A flood can damage furniture, fixtures, inventory, machinery, equipment, and other property your business owns, and you need to pay the expenses for their replacement.

Solution

This also covers the contents of your building up to $500,000. Contents coverage includes furniture, fixtures, inventory, machinery, equipment, and other property your business owns that a flood has damaged.

Increased cost of compliance

Risk Factors

Cities and communities usually update their building standards over time to reduce damage from floods. However, if your building was built before the current standards took effect, you may incur additional costs to rebuild or bring your building up to the current flood management standards.

Solution

ICC coverage reimburses you for the cost to elevate, demolish, or relocate a damaged building. It also reimburses the cost of floodproofing qualified basements in buildings. ICC claims are handled in addition to the amount of your building claim.

Prevention, Protection & Clean-up

Risk Factors

Sandbagging is the most common and effective form of flood protection before a storm. A storm or a flood can damage your contents, and you need to pay for the clean-up of debris.

Solution

The NFIP will pay up to $1,000 to reimburse the cost of placing sandbags to protect your property. In addition, Commercial Flood Insurance will also pay up to $1,000 to reimburse the cost of moving items out of danger in advance of a storm. Finally, Flood Insurance will pay for the cost of removing debris from your property after a storm.

Excess coverage

Risk Factors

If you need higher coverage limits beyond the NFIP limits, you can purchase excess coverage from a private insurer.

Solution

In addition to the coverage provided by the NFIP, excess flood insurance coverage is available from insurers on the private market. Excess coverage can also offer business income insurance lost due to a flood. This can compensate your business for lost profits, as well as wages and operating expenses while your business is unable to operate.

Already have Commercial Flood Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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