Commercial Flood Insurance

Why Flood Insurance is Important for Commercial Properties

Commercial property insurance generally does not cover flood damage. Flood Insurance for commercial properties is essential in protecting a business property against financial loss that could occur as a result of a flooding event.

According to the Federal Emergency Management Agency (FEMA): At least

• 25% of small businesses never reopen their doors following a disaster
• A few inches of water to cause tens of thousands of dollars in damage
• From 2010-2014 the average commercial flood claim was nearly $89,000

Commerical flood insuranc provides business and propery owners with building and/or personal property coverage for non-condominium residential buildings with five or more units.  Commercial policyholders generallly able to obtian up to $500,000 in Building Property coverage and up to $500,000 Personal Property coverage.