Flood insurance exclusions for commercial buildings apply in much the same way as they do for residential buildings. Thus, while some water damage is covered by an insurance policy, flood damage will need to be covered by a separate policy for flood insurance in CT.
Flood insurance for small businesses isn?t cheap, with premiums reaching into the thousands for some small businesses in high flood-risk areas. Fortunately it may be possible to reduce your premiums by meeting certain local or state requirements, or by speaking with an insurance professional about whether there are any additional options for cutting back on flood insurance costs.
Because flooding can have a devastating effect on your business?your building may be so damaged that it?s impossible to work there, and you may need a new furniture fit-out and electronics fit-out?it?s essential that you take responsibility for the possibility of a flood. Your employees may need somewhere else to work in the meantime, and you?ll want to be able to ensure that you can keep your business running while repairs ensure that the building itself gets back on track.
Taking out flood insurance may give you a better chance of keeping your business in the black and getting back to business if there?s a serious flood in your area.
Source: http://as3z.net/2011/09/do-you-have-a-ct-flood-insurance-policy-for-your-business/
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