Flood Coverage and Business Insurance – What You Need to Know

Standard business insurance policies - such as a Business Owners Policy (BOP) or Commercial Property Insurance - protect against many risks, but flood damage is excluded. This means that without separate flood coverage, damage to your building, contents, and business property caused by flooding will not be covered.

Floods Can Happen Anywhere

Flooding isn’t limited to coastal regions - it can occur anywhere, any time of year. In fact, according to the National Flood Insurance Program (NFIP), all 50 states have experienced floods in the last five years.

Why Businesses Should Consider Flood Insurance

While flood insurance is crucial for high-risk areas, it’s also valuable for those outside designated flood zones - where 20% of flood claims originate and about one-third of payouts are made. NFIP coverage can insure up to $500,000 for your building and $500,000 for contents, which can make the difference between closing your doors and recovering after a disaster.

Don’t Wait – There’s a 30-Day Waiting Period

If you’re considering flood insurance, now is the time to act. Contact Meixell - Diehl Insurance to learn if flood coverage is right for your business and get a quote today.