The Flood Insurance for Business Owners

Q: How much does commercial flood insurance cost?

From our data, commercial flood insurance premiums range from $350 per year for a small slab-foundation building to over $103,000 per year for large commercial complexes. Most small to mid-size commercial properties fall in the $350 to $5,000 per year range.

Q: What does commercial flood insurance cover?

Commercial flood insurance covers the building structure, permanently installed fixtures, machinery and equipment, and business contents. The NFIP caps commercial coverage at $500,000 for building and $500,000 for contents. Private carriers can offer higher limits. Business income coverage is not available through the NFIP but is available from select private carriers.

Q: Is commercial flood insurance required?

If your commercial property is in a Special Flood Hazard Area and you have a federally backed commercial mortgage, flood insurance is required. Even if not required, it is strongly recommended for any commercial property near a flood source.

Get Time Back in Your Business By Simplifying Flood Insurance

Find My Business Flood Risk

Commercial flood insurance protects business properties, rental buildings, and commercial structures from flood damage. From our data, commercial flood insurance costs $350 to $103,000 per year depending on property type, value, and flood risk. The NFIP caps commercial coverage at $500,000 for building and $500,000 for contents. Private carriers offer higher limits for larger properties.

It’s important to understand that no two commercial flood insurance policies are created equal. Different insurance companies offer different levels of coverage and have different conditions and limitations.

If you’re not using a flood insurance agency like us, it can be hard, if not impossible to tell the difference between two policies.