business flood insurance

Help keep your business afloat when the waters rise.

According to the National Flood Insurance Program (NFIP), the average commercial flood claim is about $85,000, and nearly 40% of small businesses close permanently after a flood event.

Superstorm Sandy and other weather events showed that it’s really not a matter of should a business need this coverage…it’s more about the exact details of the policy that should be secured. For example, how much flood coverage is needed, what deductibles are available, what are the costs and what, if any, additional insurance is required.

At Martin Insurance Group, we can help you determine the right kind flood insurance plan to purchase. This depends on a number of factors, including location (low-risk, moderate risk, and high hazard), the number of floors in a building, the year your building was built, occupancy, and where you store your contents, among other criteria. We’ve already helped many businesses in New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA.


We can help navigate the daunting stream of options.

As a business owner, you have many options to consider. If you lease your workspace, you can obtain flood insurance that covers only the contents of your worksite (including personal possessions).

If you own your building, you should carry insurance for the structure in addition to the contents. A business flood policy will cover the building, its foundation, and installed items, and it usually insures the cost of debris removal.

However, there are exclusions, including coverage for mold damage that could have been prevented or isn’t a result of the flood event. Coverage is also limited for basements and areas below the lowest elevated floor. In addition, income losses due to business interruption aren’t insured under a flood insurance policy, which is why when looking at your needs, it’s prudent to review which coverages are available to step in and close any gaps, if possible.

Call now to speak with a representative about personal insurance. Martin has the experience and expertise to protect you, your family, and your possessions. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.

Q. Why do I need business flood insurance?

A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.

Without specialized coverage like business flood insurance, everything you put into a business could easily be wiped out with one accident or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.

Q. Why should I buy business flood insurance from you?

A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.

Here are some additional reasons customers trust us for their commercial insurance needs:

We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.

We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.

We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.

Q. I already have business flood insurance. How do I know if it’s the right type or amount?

A. If you already have some form of business flood insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.

Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.





Email: info@martinins.com • Toll-Free: 800.353.5000 • Telephone: 609.356.1500
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