Protect your business from destructive events.
Flood insurance in Rossford, OH and throughout Ohio and Michigan.
At least 25 percent of businesses that close after destructive events such as floods never reopen. We’ll design a policy that will protect your business, as well as its physical contents and assets, from the damage costs that come from floodwater.
As with homeowners insurance policies, many business owners don’t realize that their commercial property insurance doesn’t necessarily cover flooding.
Suffering a flood can wipe out a business, because it’s not just a matter of replacing damaged equipment and repairing buildings, but also the sheer time it takes, during which the facilities can’t be used.
In some cases, flood insurance policies don’t take effect until after a 30-day waiting period, so it’s not smart to wait until heavy rain is forecasted in your business’ location.
Additionally, it’s important to note that with commercial properties, sudden excessive rainfall isn’t necessarily the biggest flood risk. You must also factor in drains getting clogged, which can turn a normal rainfall or snow storm into an unexpected catastrophic event.
Which insurance solution is right for your family?
Explore how having the right insurance can protect you from the unexpected.
Building Coverage
Risk Factor
Floodwaters can cause severe structural damage to commercial buildings, including foundations, walls, and load-bearing systems, resulting in costly repairs or rebuilding.
Solution
Building Coverage for your commercial structure helps cover the cost of repairing or rebuilding flood-damaged walls, foundations, and structural components so your business can get back on its feet.
Inventory & Stock
Risk Factor
Items such as inventory, stock, raw materials, or finished goods can be washed away, damaged, or ruined by rising or fast-moving water.
Solution
A commercial flood policy can protect your business's belongings through the Personal Property coverage part of the policy.
Electrical
Risk Factor
Electrical systems can be particularly vulnerable to water damage. Losing power is not only expensive, but may also limit your ability to operate.
Solution
Electrical and plumbing are both covered under the Property part of a flood policy, giving you a needed boost to recover from this type of damage.
Equipment & Machinery
Risk Factor
Important business equipment like sawmills or manufacturing machines can be damaged by objects in flood waters or break down when submerged.
Solution
The Personal Property section of a commercial flood policy helps cover damage to business-owned machinery and equipment to help get your business back on track.
Personal Belongings
Risk Factor
Businesses are more than just buildings. Furniture, chairs, bookshelves, and all of the other items we surround ourselves with while we work are important parts of the business you've built.
Solution
Flood policies cover most “personal” objects owned by your business under the Personal Property coverage, helping you rebuild your work life, not just your work space.
As a business owner, you’ll need to look at both commercial flood insurance offered through the federal National Flood Insurance Program (NFIP) and commercial flood insurance coverage from non-NFIP policies.
The two big advantages of non-NFIP policies are that they can pay out full replacement costs (whereas NFIP payments account for depreciation), and they can include coverage for loss of business during the rebuilding phase (loss of business is not covered by NFIP).
Whether your business is located in an area of common flooding or not, commercial flood insurance is worth exploring. Contact our insurance experts, and we can help you get started.
Flood Insurance Quote Request
As an independent agency, we offer multiple options at competitive prices.