Protect Your Business With Flood Coverage
Flood insurance covers damage caused by rising water. Floods can happen anywhere, anytime–not just in coastal areas or near lakes and rivers. Torrential rain, snowmelt, mudslides, dam failures and inadequate drainage systems can all cause flood losses. Flood or storm damage from natural disasters can be ruinous, but many business owners are not aware that business property insurance typically excludes flood damage. According to FEMA, almost 40% of small businesses never reopen their doors after a flood disaster. From 2006 through 2015, total flood insurance claims averaged more than $1.9 billion per year.
Flood insurance is the BEST way to protect yourself from a devastating financial loss.
According to Karen Clark & Co, Hurricane Matthew caused $6.95 billion in insured damages and $16.31 billion in total damages. The uninsured damages of nearly $10 billion are primarily flood. These statistics highlight the significant exposure to flood, even in areas not considered to be flood-prone.
Here at Member Insurance, we aim to help you protect your business in the event of a flood.
To learn more, click here:member-insurance-flood