commercial flood insurance

Does Your Business Insurance Offer Flood Coverage?

Find out what your standard business insurance will cover in the face of a flood.

As a responsible business owner, you have likely secured the right business insurance in Plano, Texas to protect against liability risks and property damages. However, do your existing policies offer the coverage you will need if you sustain flood damage? Read on to learn how to insure your business against floods.

Commercial property insurance is designed to offer financial protection against major damages and losses to your business’s building and the belongings housed inside it. However, this coverage does not extend to floods. The only way to secure protection against flood damage is by getting a specialty commercial flood insurance policy.

  • What does commercial flood insurance cover?

Commercial flood insurance will offer coverage for the damages your building and its contents sustain as the result of a flooding disaster. This includes instances of overflowing bodies of water, heavy or prolonged rain, storm surges, snow melt, blocked storm drainage systems, broken dams and levees, and so on.

  • Does commercial flood have exclusions?

Yes; the property outside of your business’s building will not be covered under your flood insurance. This includes things like landscaping and septic systems. Additionally, commercial flood will not offer coverage for the financial losses caused by business interruption. Finally, commercial flood will not extend coverage to the damage that your company’s vehicles sustain during a flood. This is because these damages are covered by the comprehensive portion of your commercial auto policy.

This is what you need to know about insuring your business against floods.  Do you have additional questions regarding your business insurance in Plano, Texas?  If so, contact the professionals at Tri-Star Insurance/HUB International.  Our dedicated team is ready to get you covered today.