Businesses Need Flood Insurance Too

Blogs and consumer-focused magazines write frequently about how homeowners need to find out if they are in a flood zone because home insurance doesn’t cover damages caused by a flood—but do you know what other kind of insurance doesn’t cover flood damage? Commercial property insurance.

Where is Your Business Located?
Business property may be different from residential property in a lot of ways, but when it comes to floods, they have many similarities. A business may be located in a flood zone just as a home can be. And if your business operates out of your home, then it shares the same exposure to flood risks as your home does. Either way, it needs a specialized policy that provides structure and contents protection against the damages that a flood can cause.

To determine if you need food coverage, you should find out if your business, whether home or not, is located in a flood zone by visiting floodsmart.gov.

Leasers, Be Ware!
Even if you don’t own the building your business operates out of, you still may need flood insurance in order to protect yourself from the financial damages of losing your computer, equipment, supplies and stock after a storm surge or other flood. So whether you operate your business out of a commercial building that you lease or out of your rented home or apartment, you are still exposed to flood risks. Your landlord may not tell you that you are in a flood zone, so you need to check your area’s zoning information to find out whether you are.

You’ve invested countless hours and dollars into your business. A commercial flood insurance policy protects that investment and may even help you stay afloat while you are dealing with the after-effects of a flood. Give us a call and allow us to look over your whole commercial insurance plan and identify any gaps, including from the lack of a commercial flood insurance policy.Call us today at 614-221-1500 or get a free Ohio business insurance quote.