Commercial Flood Insurance

What does Commercial Flood Insurance cover?

Flooding poses a threat to every business, whether you’re located inland or along the coast. In fact, one in four businesses forced to close due to a natural disaster never reopen, and over 80% of all presidentially declared natural disasters involve flooding. Over the past decade, the average commercial flood claim has hovered around $33,000, with property damage from flooding totaling more than $6 billion annually nationwide.

Floods can result from various events, including:

• Storm surges in hurricane-prone regions
• Flash floods caused by intense, short bursts of rainfall
• Mudslides triggered by prolonged heavy rain on hills or mountainsides
• Snowmelt where frozen ground fails to absorb excess water
• Ice jams blocking rivers or streams and causing overflow
• Urban development that changes natural drainage patterns through construction or paving

It’s important to know that standard business insurance policies typically don’t cover flood damage. Flood insurance is offered exclusively through the National Flood Insurance Program (NFIP), which covers most flood types—including mudslides, but excludes landslides—even if caused by heavy rain.

Flood insurance is government-backed but sold through licensed private insurers, so it’s crucial to work with knowledgeable agents to ensure you receive fair pricing and the right coverage for your business.

At Income Resource Group, we’re here to help you understand your flood risks and navigate the NFIP program to protect your business against this often-overlooked hazard.

Contact us today to safeguard your business from flood-related losses.

What gets covered under Commercial Flood Insurance?

Commercial Contents:

This coverage protects your business inventory, merchandise, machinery, and other contents—typically up to $500,000—helping you recover quickly if flood damage occurs.

Commercial Building:

Whether you own the building or lease the space, this coverage safeguards your company’s physical improvements up to $500,000. This means even if you don’t own the property, you can still protect your investment in the space you’ve customized and enhanced.

If your business value exceeds $500,000 in either contents or building improvements, you have the option to purchase an excess flood policy—increasing your protection up to $1 million. Beyond these coverages, the National Flood Insurance Program (NFIP) also supports flood-related protection, prevention, and cleanup efforts.

At Income Resource Group, we’re here to help you navigate your commercial flood insurance options and find the right coverage to safeguard your business.

Contact us today to learn more.

What is the importance of Commercial Flood Insurance?

Most commercial property insurance policies don’t cover flood damage. That’s why commercial flood insurance is essential to protect both your business and personal property from unexpected flooding.

Even if your business isn’t located in a traditional flood zone, you should consider commercial flood insurance if:

• You operate in a region with cold winters and warm springs. Rapid snowmelt combined with spring rains can cause nearby streams to overflow, leading to flooding at your business location.
• Your basement or lower levels are at risk of flooding from runoff caused by nearby construction, potentially damaging valuable equipment and inventory.

At Income Resource Group, we help you assess your flood risks and secure the right coverage to keep your business protected—no matter the weather.

Reach out today to learn more about commercial flood insurance options tailored to your needs.

Already Have Commercial Flood Insurance? Let’s Make Sure It Still Fits Your Needs

If your current commercial flood insurance isn’t providing the service, claims support, or value you expect—whether due to rising premiums, frustrating claims experiences, or limited coverage—it might be time to explore better options.

Switching policies requires careful timing. Canceling your existing coverage before your new policy is active could leave your business exposed to costly risks.

At Income Resource Group, we simplify the process. We’ll help you review your current coverage, compare alternatives, and ensure you stay protected throughout the transition.

Contact us today to explore flood insurance options tailored to your business and peace of mind.