insurance for flood damages

Keep your business from going under water with commercial flood insurance

Even an inch of water can cause thousands of dollars in damages

What is commercial flood insurance?

Flooding can happen as a result of heavy rains or storms, overflow of rivers or streams, melting snow, blocked storm drains, or even mudslides.

Commercial flood insurance reimburses you for damage to your building and business property resulting from a flood. This coverage is typically excluded from a commercial property insurance policy, and must be purchased as a separate policy.

In the case of a flood, Massachusetts flood insurance will cover up to a maximum of $500,000 for your building, and up to $500,000 for your business property

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Commercial flood insurance statistics

Don’t underestimate a little water: even if you aren’t in a flood zone, you can be flooded. Get a commercial flood insurance policy before it rains on your business.

Avg. cost of a flood claim in 2018

Of flood claims that come from low-to-moderate flood risk areas

0 Days

The number of days it takes before a flood policy can go into effect

What is (and is not) covered by commercial flood insurance?

A commercial flood insurance policy won’t reimburse you for everything. But it will reimburse you for things that aren’t covered by any other insurance policy.

That being said, each policy does have limitations and exclusions that you’ll want to be aware of.

What is typically covered?

Actual cash value coverage (replacement cost less depreciation)

Building foundations

Furnaces / water heaters / fuel tanks

Permanently installed property

Appliances (limited)

Detached garages

Business property inside your building (limited)

Prevention, protection and cleanup costs

Mold remediation (caused by flood damage)

Damage that affects at least two acres of land or two or more properties

What is not typically covered?

Replacement cost coverage

Business vehicles

Personal property

Lost business income

Business property outside of your building

Landscaping

Septic systems

Any damage that affects less than two acres of land or less than two properties

Any damage that occurs during the 30 day waiting period after getting a policy

Got commercial flood insurance questions? We’ve got answers.

Massachusetts flood insurance isn’t required for your business (unless you have a loan and live in a high-risk flood zone), but it is something you should consider. Let us help you decide whether flood protection is right for your business.

Do I need commercial flood insurance?

What if I'm not in a flood zone?

Do I have to buy flood insurance from my lender?

If I don’t buy flood insurance, can’t I just get help from FEMA?

How flood insurance prevents your business from getting waterlogged

You need your building and everything inside it in order to run your business - otherwise you wouldn’t have them to begin with. Keep them protected with a commercial flood insurance policy.

Disaster protection

Water and snow cause a lot of damage here in Massachusetts. Flood insurance will reimburse you for damages from the elements.

Compliance correction

If your building suffers damage, you may be faced with rebuilding up to newer building codes. Commercial flood insurance provides extra coverage to get you in compliance.

Perks for being prepared

Not many insurance policies pay you to be proactive - but with Massachusetts flood insurance, you can be reimbursed for keeping your property safe before a storm.

Debris removal

Clean-up costs can sometimes be more expensive than damage from the flood itself. Your policy will pay to remove debris from your property after a storm.

Simplifying commercial flood insurance … one blog at a time

Find the answers to all your insurance questions through the helpful resources in our free online Learning Center.

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"We’ve needed to file three claims and in each instance, [Berry Insurance] was very professional, empathetic and handled our claim very quickly."

James B.

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Get protected, before and after the storm, with commercial flood insurance

Massachusetts flood insurance has a 30-day waiting period - so don’t delay! Simply fill out this form and a member of our commercial insurance team will be in touch.