In Cincinnati, OH, businesses face various risks, including the potential for flood damage. Given the city’s location near the Ohio River and its tributaries, flood insurance can be a critical component of a comprehensive business protection plan. Here’s how to get flood insurance if your business is located near water.

Understanding Flood Insurance for Businesses

Flood insurance for businesses is designed to protect commercial property from damage caused by flooding. This includes protection for the building structure, essential equipment, inventory, and sometimes even loss of income due to business interruption. 

Assessing your business’s specific needs is vital in Cincinnati, OH, where flood risks can vary depending on location.

Steps to Acquire Flood Insurance

At Advantage Insurance Network, we can help you find the right coverage for your business. Finding flood insurance is generally done as follows:

• Assess Your Risk: Start by evaluating your business’s location to determine the flood risk level. You’ll want to have an insurance agent help with this step, as it requires looking at FEMA’s flood coverage maps.
• Choose the Right Policy: Business flood insurance is typically available through the National Flood Insurance Program (NFIP) or private insurers. We can help you examine both options and check whether an NFIP policy is available. It’s usually the much more affordable option when available.
• Understand Coverage Limits and Exclusions: One of our agents will ensure you understand what your policy covers and any limitations or exclusions it might have.
• Purchase: Actually purchase the policy. There’s often a brief waiting period before the policy’s coverage goes into effect.

If you don’t have flood insurance for a business property, contact us at Advantage Insurance Network. We’ll work with you to find the right flood policy.