Rising floodwaters can cause significant damage to your business’s building. To help protect your business premises from flooding, review the following information and contact us at (833) 359-0725 for a free quote or to answer any questions you may have.
Flood Insurance and Your South Carolina Business
Commercial flood insurance provides coverage for property damage, inventory loss, and business interruption due to rising water. A Business Owner’s Policy does not include coverage for flood-related damages which can leave your business financially exposed. Even if you don’t own your building, flood coverage can be obtained to protect furniture and other removable business property located inside your office space.
What’s Covered by Flood Insurance?
Flood insurance can help reimburse you for expenditures incurred to rebuild your business following a flood event. It generally covers cleaning procedures and other indispensable restorative processes. A flood insurance policy typically covers the following items:
- Cleaning equipment
- Remediation tools
- Replacement construction materials
- Disposal essentials
- Drying processes
- Mold mitigation procedures
- Inspections
Your Business Premises
Perform a thorough assessment of your business premises, mainly focusing on risks associated with potential flooding, and use those notes for reference when making improvements to your property. For instance, if slow drainage is identified, which could increase the likelihood of flooding at your business, installing a new drainage system could significantly minimize your flooding risk. Consider working on other upgrades that could bolster your property’s protection from floods.
Flood Plan
Develop a comprehensive flood plan. This plan should include an evacuation route that can be used to ensure the safety of you and your employees during a flood.
Securing Your Flood Insurance Policy
Reach out to one of our experienced advisors conveniently located in the Lowcountry, Midlands, and Upstate regions of South Carolina. We can help you devise a flood protection plan and integrate flood protection into your commercial insurance program.
