Flood insurance isn’t just for your home

When you think of flooding, the image that comes to mind may be of the person camped out on the roof of their home, waiting for rescue. The flood waters rush into their home, destroying a life’s worth of memories and belongings, and inching closer and closer to the edge of the roof.

On the other hand, you might not think about flooding at all. You wouldn’t be alone—only 5% of businesses maintained a flood insurance policy through the National Flood Insurance Program in 2019. However, just because you don’t think about it, doesn’t mean you shouldn’t.

Flooding is the most common natural disaster in the U.S., and flood waters do not discriminate between residential and commercial buildings. Instead of camping out on the roof of your home, you could be on the roof of your business; instead of destroying personal belongings, the flood waters could damage thousands of dollars’ worth of inventory and irreplaceable records.

Many business owners believe that they have coverage from flooding under a commercial package policy or a business owner’s policy, but neither is the case. Only a flood insurance policy will provide you the protection you need.

Flood insurance covers damage to a business’ building and contents caused by flood. This could include water overflowing from rivers or streams, heavy or prolonged rain, a storm surge, snow melt, or blocked storm drainage system. Call our office today to talk about purchasing a commercial flood insurance policy for your business.