Commercial Flood Insurance
Predicting the forecast can keep you afloat
Unfortunately, 40% of small businesses never reopen their doors following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. From 2007 to 2011, the average commercial flood claim was over $75,000
Flood insurance is the best way to protect yourself from devastating financial loss.
A. You don’t have to be near the water to have a flood. Flooding can be caused by surface accumulation. New land development can increase flood risk, especially if the construction changes natural runoff paths. Nearly 20% of flood insurance claims come from moderate to low-risk areas.
A. Premiums start as low as $567 per year for both Building and Contents, while Contents Only coverage starts at $162 per year for a Preferred Risk Policy.
A. Commercial coverage is available up to $500,000 for your building and up to $500,000 to protect your contents.
A. Typically, there’s a 30-day waiting period from the date of purchase before your policy goes into effect. That means now is the best time to buy flood insurance.
Our experienced Commercial Flood Insurance agents can help you find a plan that best protects your business.
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