Secure commercial flood insurance to protect your business.
If your business is located in an area with high flood risk, you need to secure the right insurance coverage to protect against flood damages. Unfortunately, while you may assume that your commercial property insurance offers flood protection, this isn’t actually the case. The only way to protect your business from a flood is by securing a specialty commercial flood insurance policy. Here’s what you need to know about this special form of business insurance.
- What Does Commercial Flood Insurance Cover?
Commercial flood insurance offers coverage for the damage that your building and its contents sustain during a flooding event. This includes the damages caused by overflowing bodies of water, heavy or prolonged rain, snowmelt, storm surges, blocked storm drainage systems, broken dams, broken levees, and so on.
- What Won’t It Cover?
Just like any insurance policy, commercial flood insurance has its limitations. For starters, this insurance will not offer coverage for the property outside of your business’s building. This includes your company’s landscaping and septic system. The financial losses stemming from business interruptions are also not covered by your flood insurance. Finally, commercial flood insurance will not cover any flood damages to your company’s vehicles, as they should be covered by the comprehensive portion of your commercial auto policy.
This is what you need to know about commercial flood insurance. Interested in learning more about your commercial coverage options? If so, contact the experts at Gant Insurance Agency in McKinney, Texas. Our dedicated team is eager to assist you with all your coverage needs today.