Our Commercial Flood Insurance Coverage
Floods can strike without warning and destroy everything in their path – even if your business is not situated in a flood zone. If your business or property is damaged because of flood water, our flood insurance policies can cover repair costs. Here’s what is typically included.
Building Coverage
Nearly all parts of your commercial property are covered by flood insurance, including the structure and everything that lies within. Here is what building coverages are offered through commercial flood insurance:
- Windows
- Appliances
- Foundation walls
- Staircases
- Solar equipment
- Electrical systems
- Plumbing systems
- Water heaters
- Permanently installed carpeting, paneling and cabinets
- Detached garages
- Pumps
- Fuel and well tanks
- Furnaces
Contents Coverage
In addition to coverage for your building, commercial flood insurance covers the contents and assets in the office. Contents covered under a policy include the following:
- Personal property in the building, such as furniture and clothing
- Window and portable air conditioners
- Valuable items, including currency and precious metals
- Curtains
Who Needs Commercial Flood Insurance?
Every business can benefit from flood insurance because flooding is something that can happen no matter where your business is located. While it is essential to obtain flood insurance if your business is situated in a flood zone, you should still consider this insurance even if your area isn’t prone to flooding if:
- Your area experiences a moderate amount of rainfall in the spring months. Streams could overflow from the rainfall into your place of business and cause damage.
- Your business is situated in an area with cold and snowy winters and warmer springs. One of the biggest causes of commercial flooding is fast-melting snow, so if this is a concern in your area, this type of insurance is vital.
- Your area experiences wildfires. These can change the ground conditions and landscape in the area in a manner that allows future rainfall to lead to flash flooding.
- Your business is in an area near new building development. New developments can change how water flows in your area in a way that makes flooding more likely.
How Much Will It Cost?
Flood insurance rates are set by the National Flood Insurance Program (NFIP), which was established by Congress to give property owners protection from the financial devastation caused by floods. The rates are set by the NFIP and will not vary from company to company. Some of the factors that are used to determine flood insurance rates include:
- The age of your business property
- The type of construction of your business’s buildings
- Your building’s occupancy
- The number of floors in your building
- Your area’s level of flood risk as determined by the Federal Emergency Management Agency (FEMA)
Get Started With Commercial Flood Insurance
Don’t wait until water is threatening to flow into your business to take action. FEMA has established a 30-day waiting period before flood insurance can take effect, so it’s something you’ll want to have in place as soon as possible. Protect your investment in your building and equipment with flood insurance from Burton & Company by calling (888) 652-1325 or requesting a quote online today.
