Commercial Flood Insurance

businesses protected by commercial flood insurance

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businesses protected by commercial flood insurance

What Is Commercial Flood Insurance?

Commercial flood insurance helps protect businesses of any size, covering their location and contents from flood damage. It’s typically purchased separately, as most commercial property policies don’t include flood coverage.
 
The National Flood Insurance Program (NFIP) defines a flood to be an excess of water on land that’s normally dry and either affects at least two acres of land or two or more properties.
 
 

Commercial Flood Insurance: What’s Covered and What’s Not

It’s important to understand what is and isn’t included within a flood insurance policy.1
Building Coverage Included Contents Coverage Included What Is Not Covered
Electrical and plumbing systems Personal property, such as clothing or furniture Damage caused by a sump pump backup that wasn’t caused by a flood
Furnaces and water heaters Curtains Particular business property damage claims, such as financial losses from business interruption, cars used for your business and value papers.2
Appliances Portable and window air conditioners  
Permanently installed carpeting Carpets not included in building coverage, such as carpeting installed over wood floors  
Permanently installed cabinets, paneling and bookcases Currency, precious metals and valuable items  
Windows    
Foundation walls, staircases and anchorage systems    
Detached garages    
Fuel tanks, well tanks and pumps    
Solar equipment    

When To Consider Commercial Flood Insurance

Even if a business isn’t in an area prone to flooding, commercial flood insurance should be considered if:
 
  • A business is in an area that has cold, snowy winters and warm springs. Fast-melting snow is one of the top causes of commercial flooding.
  • Moderate spring rainfall is frequent in the business’ area. A nearby stream can overflow from the rainfall, flow into the business and cause flood damage.
  • A business’ building is next to a construction site, where runoff could cause the basement to flood.

Does Commercial Property Insurance Cover Flood Damage?

Most commercial property insurance policies don’t cover flood damage. Even though this essential extra layer of protection is optional, it’s still important and can be purchased as an additional coverage.
 
Flood insurance rates in the National Flood Insurance Program (NFIP) are established by the federal government. As a result, all companies that provide NFIP policies will use these same rates to determine your cost for coverage. Quotes given for flood insurance are based on your geographic location, the flood risks associated with the business property’s area and construction details specific to the building.

Do You Own or Rent a Home?

Business partners high five because their new business is protected by a bop policy

Other Business Coverages

We offer insurance coverages for companies of all sizes – large and small.
 
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All policies are written subject to the National Flood Insurance Program.

1,2 National Flood Insurance Program, “What Flood Insurance Covers”
The Hartford is a participant in the federal Write Your Own (WYO) Program, part of the National Flood Insurance Program managed by the Federal Emergency Management Agency (FEMA). WYO flood policies are underwritten by the federal government and issued, sold, and administered by authorized private insurance companies, including Hartford Fire Insurance Company, Hartford Insurance Company of the Midwest and Hartford Underwriters Insurance Company. Accordingly, Hartford WYO flood policies are written subject to the rules, regulations, terms, conditions, and availability of the National Flood Insurance Program.
 
This site outlines in general terms the coverages and services that may be afforded under a Hartford WYO flood policy. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All coverages and services described in this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc.
 
Additional disclosures below.