Commercial Flood
A Small Amount of Water Can Lead to Big Damage
Floods are the costliest natural disaster in the U.S., causing billions in damage annually to hundreds of thousands of businesses and homes. The average commercial flood claim is $90,0001—it only takes a few inches of water to cause major damage.
Who Needs Commercial Flood Insurance?
If you’re a business owner, real estate owner or developer, or a property manager, it’s critical to understand your flood insurance options—no matter where you’re located. More than 40% of National Flood Insurance Program (NFIP) claims come from outside high-risk flood areas2. And flooding isn’t typically covered by standard commercial property insurance, so it’s important to assess your risks and protect your business from the very real threat of flood damage.
Let McGriff Be Your Guide
McGriff’s specialized Flood team has over 25 years of experience and industry expertise—we’ll help you determine your flood risks and guide you through your insurance options. Whether you qualify for coverage through the NFIP, a private insurer, or a parametric flood product, we’ll help you decide which is the right solution for your business.
Ready to Get Started?
Our approach begins with understanding your needs and goals, so please contact us to get started.
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1 National Flood Insurance Program, "Six Reasons Businesses Need Flood Insurance", accessed Oct. 28, 2024.
2 FEMA, "Myths and Facts About Flood Insurance", accessed Oct. 28, 2024.