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Protecting Your Business From Rising Flood Waters

Jul 08, 2015

Insurance

Protecting Your Business From Rising Flood Waters Protecting Your Business From Rising Flood Waters
the modern  office hall interior with stairs in Insurance case Business Flood Insurance 101 Your business's property is most likely one of your biggest investments, which is why it is so vital to ensure that it is protected from any peril, including a flood. Even if you do not think that your business is at risk of being hit by a flood, it is. Floods can strike with little or no warning, and if you do not have a flood insurance policy, you could be left financially devastated when trying to replace your destroyed inventory, equipment, and buildings. Knowing what to look for in your commercial flood insurance policy can help to ensure that you have the right amount of coverage for your business. Typical commercial flood insurance policies will provide two different types of coverage. The first coverage option is for your building, which will include coverage for the electrical and plumbing systems, foundation, water heaters, furnaces, central air conditioning, and any permanent updates that you made to the space. Even if you lease your current property, you should still consider investing in a flood insurance policy to provide coverage for any modifications that you have made. The second part of the coverage provided by your flood insurance policy will protect any of the contents within your building that is damaged in the rising waters. This can include coverage for the merchandise, inventory, machinery, and any other contents of your building. When looking for the right amount of coverage that will provide your business with the protection that it deserves, make sure to talk with your insurance agent. For all of your business flood insurance needs, contact Club Agency in Garden City, New York. We will work with you to ensure that you have the right amount of coverage, all at the right price.
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