Commercial Flood Insurance

The average flood claim for a business is $87,000 according to FloodSmart. 25% of businesses close after flooding events. Pretty grim statistics when you can purchae a flood insurance policy for as little as $643 for a building and contents policy. Commercial coverage gives you up to $500,000 of insurance to protect your building and up to $500,000 to protect its contents (As of October 2013)

Flood insurance premiums are calculated on a number of factors, such as:

• Year of building construction
• Building occupancy
• Number of floors
• The location of its contents
• Its flood risk (flood zone)
• The location of the lowest floor in relation to the elevation requirement on the flood map
• The deductible you choose and the amount of building and contents coverage

Flood insurance is a must to protect your business from devasting financial losses. Give us a call today to find out how this insurance can compliment your business insurance portfolio.