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There's one decision that every business owner ─ regardless of the type of business they own ─ needs to make each year: how much flood insurance should be purchased based on the potential that their business will be damaged by a flood.
If history is any guide, thousands of business owners stand to be impacted by flooding every year. Beyond the physical damage a flood can do to a building, a flood can also ruin inventory, contents and important documents located in the building during the time of a loss.
Experiencing a flood doesn't have to mean the end of your business ─ being well-prepared and understanding your flood risk can help lessen the impact.
If history is any guide, thousands of business owners stand to be impacted by flooding every year. Beyond the physical damage a flood can do to a building, a flood can also ruin inventory, contents and important documents located in the building during the time of a loss.
Experiencing a flood doesn't have to mean the end of your business ─ being well-prepared and understanding your flood risk can help lessen the impact.

Coastal Cities Still in the Crosshairs
Though there isn't a single state that's not at risk for flooding, the potential for flooding along the eastern and southern coast lines is on the rise due to increasing water levels. Cities like Miami, New Orleans, New York and Tampa each face an increased risk in the coming years for a flood that could cost some local economies $15 billion or more.
“We see it all the time, business owners that understand their exposure to flooding and purchase flood insurance are better prepared if a flood were to happen. If a business should experience a flood loss, we find that those with flood insurance are able to recover quicker and open their doors once again,” commented Cassie Masone, Vice President of Flood Operations at Selective.
FEMA Zip Code Tool
The Federal Emergency Management Agency has a web-based tool that allows business owners to determine their risk for flooding. These results can help business owners determine the proper amount of coverage to purchase.
Another way to determine your area’s flooding potential is by staying informed. Advances in climate sciences and meteorological forecasts have enabled experts to more accurately predict the chances for flooding when a storm approaches. Ideal sources include local weather stations, the American Red Cross, the National Hurricane Center and the National Oceanic and Atmospheric Administration.
Selective is able to provide flood insurance for your business though the government's National Flood Insurance Program. The NFIP business owner's policy can provide building coverage up to $500,000 and contents coverage up to $500,000. For more information on the flood insurance coverage that's right for you and your business, speak with a Selective agent today.
Though there isn't a single state that's not at risk for flooding, the potential for flooding along the eastern and southern coast lines is on the rise due to increasing water levels. Cities like Miami, New Orleans, New York and Tampa each face an increased risk in the coming years for a flood that could cost some local economies $15 billion or more.
“We see it all the time, business owners that understand their exposure to flooding and purchase flood insurance are better prepared if a flood were to happen. If a business should experience a flood loss, we find that those with flood insurance are able to recover quicker and open their doors once again,” commented Cassie Masone, Vice President of Flood Operations at Selective.
FEMA Zip Code Tool
The Federal Emergency Management Agency has a web-based tool that allows business owners to determine their risk for flooding. These results can help business owners determine the proper amount of coverage to purchase.
Another way to determine your area’s flooding potential is by staying informed. Advances in climate sciences and meteorological forecasts have enabled experts to more accurately predict the chances for flooding when a storm approaches. Ideal sources include local weather stations, the American Red Cross, the National Hurricane Center and the National Oceanic and Atmospheric Administration.
Selective is able to provide flood insurance for your business though the government's National Flood Insurance Program. The NFIP business owner's policy can provide building coverage up to $500,000 and contents coverage up to $500,000. For more information on the flood insurance coverage that's right for you and your business, speak with a Selective agent today.