When most people think of bad weather, flooding, and insurance, the first thing that comes to mind is to make sure that their home is protected. What if you are a business owner, though? You rely on your business to fund your home, so why should it not be considered as important as where you live? Also, imagine the loss that will be felt by your employees who just want to turn up for work every day and earn a living. How can the average business owner go about making sure that their business is insured and protected if the worst does happen, especially during the hurricane season?
Something that many people do not realize is that their business insurance policy actually offers coverage in the event of bad weather that causes flooding. However, depending on your insurance company and what they provide, what is offered may vary. That's why it's important to request what you want when investing in the policy. An example of what may be offered is coverage for a loss of earnings or a reimbursement if a company event was planned and then had to be cancelled due to flooding in the area. In this case, the expenses invested would be reimbursed. However, as already stated, not all insurers cover this, so make sure it's included in your policy before signing on the dotted line.
If your business is located in an area prone to flooding, another option available to you is to invest in flood insurance. Unlike an average business insurance policy, a flood insurance policy will protect your company if damage to the building occurs due to flooding. Under the building insurance coverage part of the policy, all above-ground items and other items attached to the property will be insured. This includes items like air conditioners, furnaces, awnings, canopies, built-in cupboards, and carpets. Also covered are some items and appliances that are normally found in the basement. Another helpful aspect of the policy is that coverage for clean-up expenses is available in some circumstances.
Another plus to be found in a flood insurance policy is extra contents coverage. A flash flood can do an enormous amount of damage to the contents of any building, so be sure to talk to your insurer about what you are allowed to cover under your policy.
Water damage due to a flood can set a company back considerably. It is essential that you obtain the right coverage for your company’s location, so that when the time comes, you are not left high and (not so) dry. Call Direct Flood Insurance Agency, LLC today at 504-812-7811 to find out how we can adequately protect your company with Louisiana flood insurance.