Winter is rainy season in many parts of the US and New Jersey is no exception. You may have an adequate level of flood protection for your home but is your business protected from a flood related disaster by flood insurance NJ? Business owners who are without flood insurance might want to consider the risk to their livelihood of a serious flood at their premises.

According to the National Flood Insurance Program (NFIP), 40% of businesses that are affected by a flood never reopen after the disaster. The effects of even a fairly minimal amount of water damage on business property and premises can be devastating and cost in the tens of thousands to repair so it is important to make sure you are financially protected. Even if your area has never experienced a serious flood in the past it does not mean it won’t happen in the future and having the right insurance could mean the difference between your business surviving and going under.

Because the costs will vary for commercial flood insurance, NJ businesses who are looking for flood insurance should consider speaking to an insurance agent for advice.

*