EA BONIAKOWSKI INSURANCE SERVICES E.A. Boniakowski has been identifying and meeting the insurance needs of home and business owners throughout NJ since 1950. The agency serves a broad client base, ranging from start-up business to large corporations as well as personal home and auto.
929 N. Washington Ave Green Brook, NJ 08812, USA
EAB Phone: (732) 968-0940

Commercial Flood Insurance


Commercial flood insurance protects your business – one of your greatest investments – from the damaging costs of floodwater devastation. Designed to protect your business should your office or its contents sustain floodwater damage, commercial flood insurance covers not only the physical location of your business, but also your floors, ceilings, equipment and fixtures, as well as furniture, inventory and business property.

Flood insurance for commercial buildings is a must for many types of businesses – even ones that reside in areas that do not typically flood – yet most commercial insurance policies do not offer it despite covering other types of natural disasters, such as lightning and wind. Commercial flood insurance protects you from floodwater damage caused by periods of prolonged rain, hurricanes, fast-melting snow, blocked drains and overflowing rivers or streams.

You will need to purchase a policy for your business if:

  • Your business is located in an area with cold winters, followed by warm springs. Fast melting snow is one of the leading causes for commercial flooding.
  • Your business is located in an area with moderate to heavy rainfall. During a rainstorm, a clogged drain or blocked sewer can quickly overflow, moving water into your business and wreaking havoc.
  • Your office, equipment and/or inventory is located in a basement or lower-level floor that is more susceptible to flooding.

Even if you lease your current business location, purchasing flood insurance for your commercial property is highly recommended to protect your equipment and inventory, as well as any updates you may make to the space on your own.

Regardless of whether you own or rent, there are some limitations to commercial flood insurance to keep in mind: Commercial flood insurance will not protect your landscaping, septic systems, business vehicles or any other business property located outside of your building. However, you can obtain coverage of these items through additional commercial insurance policies. E. A. Boniakowski offers a wide range of business insurance solutions, including business auto insurance and commercial umbrella liability insurance.


How Does Commercial Flood Insurance Work?

Most commercial flood insurance coverage is provided through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA), and provides up to $500,000 of coverage for your building and up to an additional $500,000 for its contents. If additional insurance is required, you can purchase excess flood insurance coverage, which is designed to cover properties valued above the $500,000 limits set forth by the NFIP.

As a business owner, you should also be aware that it takes time for your commercial flood insurance policy to go into effect. Because new flood insurance policies typically come with a mandatory 30-day waiting period, it is important to have your policy in place well before a potential flood is headed your way.

At EAB, we work with a variety of companies to offer comprehensive and affordable commercial flood rates that suit a range of business insurance needs. Give us a call today to discuss your quotes!