We’ve been protecting businesses located throughout the communities of Hartford, Tolland, Middlesex, Windham, and New Haven, Connecticut for more than 40 years. They count on us to put together a comprehensive insurance package that will address all different types of exposures, including flood.
A commercial Flood policy can be obtained for your building, its contents only, or both the structure and the contents. If you are in a moderate- or low-risk area, you may qualify for a Preferred Risk Policy, which offers the lowest premiums available and allows combining building and contents in one policy. Under the Preferred Risk Policy, you can insure up to $500,000 for your building plus $500,000 for contents. If you need more coverage, an Evans, Pires & Leonard advisor will seek a commercial excess flood insurance policy.
If your business is in a high-risk area, you will have to get building and contents coverages separately, and limits vary. Your premium is calculated based on a number of factors, such as occupancy, year of construction, the number of floors and the location of your contents.
There are exclusions to coverage in all flood insurance policies, which we will go through with you. This include such things as mold that could have been avoided, exterior structures and items, loss of income due to business interruption, and vehicles, to name a few.