Commercial Flood Insurance

Protect your business from financial losses due to flooding with specialized insurance coverage tailored for commercial properties.

Commercial flood insurance is a type of insurance that specifically covers businesses and their assets from damage caused by floods. It is important because standard commercial property insurance policies typically exclude flood damage, so additional coverage is needed to protect against this specific risk.

Here are some key points to understand about commercial flood insurance:

• Coverage: Commercial flood insurance typically covers both the building and its contents. This includes fixtures, equipment, inventory, furniture, and other property that is essential to the business operations.
• Flood Zones: Flood insurance rates are determined based on the location of the business and its proximity to flood-prone areas. The Federal Emergency Management Agency (FEMA) designates flood zones based on the likelihood of flooding. Insurance premiums may vary depending on the flood zone classification.
• National Flood Insurance Program (NFIP): In the United States, commercial flood insurance is commonly obtained through the National Flood Insurance Program, which is administered by FEMA. The NFIP provides coverage for both residential and commercial properties in participating communities.
• Coverage Limits: The maximum coverage limit for commercial flood insurance under the NFIP is $500,000 for the building and $500,000 for its contents. If your business requires higher coverage limits, you may need to explore additional private flood insurance options.
• Waiting Period: There is usually a 30-day waiting period before a commercial flood insurance policy goes into effect. It's important to plan ahead and obtain coverage well in advance of any potential flooding events.

Please contact us so that we can provide you with details about our available policies, coverage options, and any specific requirements for your situation.