Wednesday, January 22, 2014

Commercial Flood Insurance

 

You are probably reading this because you own a business so, let me ask you a hypothetical question:  

"Would your business re-open after a flood?" (Forget, for a moment, the odds of a flood.)

Nationwide 40% of small businesses DO NOT re-open, according to federal government statistics.

The reason businesses fail to get on their feet again is there is no FLOOD insurance financing the recovery.

I can't emphasize this enough: only a flood insurance policy covers damage to buildings and contents caused by a flood.

Your business doesn't have to be washed away in a tidal storm to put the "kabash" on your future.

Only a few inches of water will cause you a major financial setback.  In fact, the average flood claim to a covered business was more than $75,000 in 2007 thru 2011.

Commercial flood insurance is different than flood insurance for a house.  Through the National Flood Insurance Plan (NFIP) you can buy up to $500,000 of building coverage and up to $500,000 for business property.

Let me send you the NFIP website page specifically talking about commercial flood risk and insurance.

http://www.floodsmart.gov/floodsmart/pages/commercial_coverage/cc_overview.jsp

You can get more specific information there relative to the risk of loss, sample claims, preventative measures, and much more.

Don't forget that we are here to help you stay in business after a claim.  We can't do much for you after a flood though, unless you have the coverage.

By the way it's not as expensive as you might think.

Contact us for a FREE NO OBLIGATION quote.

 

 

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