Does my Business Needs Flood Insurance?

2/3/2022 (Permalink)

1. Storms Can Be Unpredictable

Even if it doesn’t flood much in your area, that doesn’t mean that it won’t ever happen. Because you can’t predict everything that will occur during severe weather, it’s a good idea to be prepared for a variety of situations. Flood insurance can help you do that.

2. Repairs Can Be Costly

Not only can flood water affect the structure of the building, but it can damage a lot of the items inside as well, such as electronics, furniture and artwork. Because flood water is contaminated, everything will need to be cleaned and sanitized. Without insurance, you could end up paying a lot for these repairs.

3. It’s Not Included in Your Basic Policy

You might think that you don’t need insurance specifically for flood  if you already have a commercial insurance policy. However, most companies don’t include floods in their basic policies. Because flood repairs can cost the insurance company a lot of money, you will need to purchase an additional policy to cover this kind of damage.