Commercial Flood insurance
Flooding has caused unprecedented damage and stress to business owners across the country in recent years. Premises in high-risk areas are mor frequently being denied commercial flood insurance, leaving them vulnerable.
We are proud to offer a stand-alone type of flood insurance which is not widely available and is different to traditional insurance. The solution we can provide you with attaches a sensor to the side of your building. If the flood water reaches the sensor, the insurer is alerted and you receive payment – easy! To purchase the insurance, you simply answer a few basic questions about your premises, select the amount you want to insure for and the height of the sensor. If you would like assistance, contact us
What is commercial flood insurance?
Commercial flood insurance provides your business with a payout that can be used in the event of flooding, which impacts property, interrupts trading, or damages contents.
Many organisations have struggled to obtain the flood insurance coverage they desperately need because they are located on floodplains or have previously flooded. Traditional insurers will often remove flood cover, impose a large excess or refuse to quote at all. For a no-obligation quote, contact us.
What does commercial flood insurance cover?
Our flood risk insurance is simple, if the water reaches the sensor, you get paid. You select in advance the height of the sensor and the amount you get paid. You can use the payment in any way you choose, including:
Covering losses from business interruption
Replacing damaged stock
Cleaning & repair costs
Covering a large excess on a traditional policy.
Landscaping and reseeding
The premium can be tweaked by adjusting the ‘trigger’ depths and payment amount – and there can be multiple trigger depths, giving further payouts if the flood level rises.
Unlike other insurance policies, there isn’t the issue of ‘dual insurance’. This means businesses and landlords can buy flood insurance coverage in addition to an existing buildings or contents insurance policy, perhaps to help with the large excess.
Alternatively, this could be used to replace the flood element of your company’s business insurance cover and significantly reduce the overall premium.
Frequently asked questions
Benefits of commercial flood insurance with Sutcliffe & Co.
Our business flood insurance offers an innovative combination of technology and simplicity. We are proud to offer this essential flood risk insurance based on a pre-agreed target depth of floodwater. That means customers do not need to spend hours answering questions and going through policy documents. You get the protection you need immediately – avoiding the panic, delays, and paperwork that have accompanied commercial flood insurance claims in the past. The cover is based on a straightforward set of steps, agreed with you to achieve the perfect cover for your business or rental property:
- Depth – you select the depth of water that would cause flood damage
- Payout – you select the amount of money you would receive if the water reaches the agreed depth
- Sensor – an electronic sensor is installed on the outside of your building (it looks like a drainpipe, so shouldn’t cause any aesthetic impact)
- Trigger – if flood water reaches the selected ‘trigger’ depth, the sensor transmits a message and payment is arranged
What would you like to do?
Request a quote
Make a claim
Contact us
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