Will My Business Insurance Cover Flood Damages?

Will My Business Insurance Cover Flood Damages?

What will my commercial policies cover when it comes to flood damage?

As a responsible business owner, you likely have the right insurance to protect against commercial property damage. While you might assume that your commercial property insurance will protect against every type of damage event that your business faces, this isn’t always the case.

  • Commercial Property Insurance and Flooding

While many business owners assume that their commercial property insurance will offer coverage for flood damages, this is not the case. The only way to secure coverage against flood damage is by securing a specialty commercial flood insurance policy.

  • What Does Commercial Flood Insurance Cover?

Commercial flood insurance provides coverage for your physical building and the business property housed inside it if they are damaged by a flood. This includes the damages caused by overflowing bodies of water, heavy or prolonged rain, storm surges, snow melt, blocked storm drainage systems, broken dams and levees, and so on.

  • What Won’t It Cover?

Commercial flood insurance will not cover the property outside your business. For instance, it will not cover your landscaping or septic system. Additionally, this type of insurance will not extend coverage for the monetary losses stemming from business interruption. Finally, commercial flood insurance will not offer coverage for the flood damages sustained by your company’s vehicles, as this should be covered under the comprehensive portion of your commercial auto policy.

This is how you can insure your business against flood damages. If you have additional questions regarding your business’s insurance needs, don’t hesitate to contact the experts at East End Insurance Agency. Our dedicated team is ready to assist you today.

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