Better Flood


Get Commercial Flood Insurance & Save Money Too.

People who own commercial properties save on average $500 to $2,457+ on their annual flood premiums.

In many cases, we save them even more. Get the cheapest flood insurance for commercial buildings without sacrificing coverage.

Commercial flood insurance

featured on

2023 Get a Quote for Commercial Flood Insurance Online


Flood Nerds Make Getting Commercial Flood Insurance Fast and Easy

If your business is in a high-risk area or a special flood hazard area and you have a business loan, the lender will require you to purchase commercial flood insurance.

A Quote for Commercial Flood Insurance Is Just a Click Away

Floodwaters have the power to wash away your business in just moments.

Flood Nerds can get you a commercial flood insurance quote that covers your business and saves you money in about the same amount of time.

We shop the private and government options for commercial flood insurance and compare. You get the coverage that keeps your lender happy and premiums that won’t destroy your bottom line. 

Flooding is the #1 Disaster in the United States

Did you know that 40% of all businesses never reopen after a natural disaster?

And when it comes to flooding, every place it rains is at risk. According to the Federal Emergency Management Administration, 25% of all flood insurance claims are filed in low- to moderate-risk flood zones

You’ve spent your life building your business – why let flooding take it from you?

Lloyds of London Flood Insurance Shopper

You Can’t Afford NOT to Have Commercial Flood Insurance

Flooding damages production machinery, inventory, and materials. Water ruins office furniture, store fixtures, and digital technology. 

Imagine you own a small machine shop with a production-level 3 or 5-axis CNC machine. It can cost from $100K to $500K just to replace your equipment. And that’s not considering the cost of tools, tool holding equipment, and work holding tools.  Then there’s coolant, calipers, and gauges to measure runout. And stock!

How will you reopen if you don’t have commercial flood insurance?

No matter your business or the amount of your business loan, get a Flood Nerd to shop your options. 

Standard Business Owners Insurance Does’t Cover Flooding

You’re smart and you’ve got a Commercial Package Policy or a Business Owner’s Policy.

Your building and contents may be covered for wind, fire, and theft but when it comes to flooding, you’ve left your ass-ets uncovered.

Commercial flood insurance starts to close the gap. You can cover your building and the contents, whether it is inventory, work-in-progress or office equipment.

Flood Nerds can shop business interruption coverage on the private market for you too. That’s coverage that isn’t available through the government insurance program. If your business floods, it may be months before you reopen. Make sure you have the right commercial flood insurance policy to protect your business interests.

How Long Does it Take to Get Commercial Flood Insurance?

Getting a quote for commercial flood insurance just takes a few minutes. Answer a few questions and we’ll dispatch a Flood Nerd to start shopping.

While you wait, rest assured that we understand your lender requirements. We’ll get you the coverage you need and the documents your lender wants in a jiffy. Your closing won’t be held up because of flood insurance.

Some private insurers have a 10 to 15 day waiting period and the NFIP can take up to 30 days for the policy to be in force. Your personal Flood Nerd will work to keep your closing on track. 

Flood Nerds Save a big deal

Is All Commercial Flood Insurance the Same?

Are you kidding?

Flood Nerds love a good joke, but we don’t fool around when it comes to commercial flood insurance. There can be big differences between private commercial flood insurance and FEMA insurance for businesses.

The National Flood Insurance Program (NFIP) will only write a policy that covers $500,000 for the building and another $500,000 for the contents. If your commercial loan balance is more than that, you’ll need excess coverage. Lucky for you, that’s not excessively hard for a Flood Nerd to find.

We love the Lloyds of London insurance syndicate when it comes to finding great private flood insurance. We have policies that can go up to $20M or higher.

Flood Nerds do the hard work of shopping and comparing coverage so you can focus on building your business.

Does My Business Really Need Commercial Flood Insurance?

If you are like many businesses across the US, you may be in a high-risk flood zone. These are areas that are more likely to flood.

If you have a business loan or a mortgage on your building, the lender is required by federal law to require you to purchase flood insurance in an amount that will at least cover the balance of your loan.

But often that balance amount doesn’t reflect your real risk. If your loan balance is $450,000 and you are sitting on hundreds of thousands in machinery and equipment, you need more coverage.

Talk to a Flood Nerd about all the options available for commercial flood insurance.

Even if your lender doesn’t require commercial flood insurance, if you have a business in an area where it rains, you need flood insurance. 

Where Can I Find a Commercial Flood Insurance Policy?

Right Here!

Flood Nerds only shop flood insurance. We aren’t your guys for life insurance, auto insurance, or errors and omissions coverage. But we ARE your commercial flood insurance experts

Better Flood Insurance is the home of the Flood Nerds and we live for the incredibly complex world of commercial flood insurance, business flood insurance, Condo master policies and even residential flood insurance.

We’ll show you both the FEMA flood insurance for business and private commercial flood insurance options. 

Stop worrying about getting flood insurance when you unleash a Flood Nerd on your behalf!

Not Private flood Insurance

Can’t I Get Commercial Flood Insurance Through My State Farm or Hartford Insurance Agent?

You can, but you are just buying an NFIP policy with a company logo on it. Psst – that’s not REAL private commercial flood insurance. It’s an imposter.

State Farm, Hartford, and other large insurance companies resell the government policy and slap their logo on it. Most people don’t realize that this isn’t private flood insurance.

Resellers don’t have the full spectrum of options for coverage that Flood Nerds have. Sorry guys!

If you want a great policy and a better price, you’ve got get a Flood Nerd on your side. We are your commercial flood insurance super hero and taming flood coverage is our superpower. private flood policies do recognize the NFIP policy so we can make those effective on your expiration date meaning no lapse of coverage. 

The Flood Nerds

The Flood Nerds

Get Flood Insurance and Save Money Too!

We Can Save on Average $500 to $1,457 on Annual Flood Insurance Premium.


featured on

Does My Business Need Flood Insurance?

April 18th, 2023

When you pour your energy, time, and heart into your business, don’t let anything take it down. There are a number of ways to block your market competition, but having the right protection, although not as exciting as marketing, is necessary to defend your asset. In this article, we’ll explore the importance of obtaining commercial flood insurance, as well as various ways to control the cost of insuring your commercial building against floods.

DOES MY Business need Commercial Flood Insurance?

An extensive analysis by the University of Bristol in 2018 has shown that millions more people are exposed to the risk of flooding than what the FEMA flood maps have predicted. Shockingly, 41 million Americans, over thrice the current estimate of 13 million, are threatened by flooding rivers as per this report. The study utilized high-resolution maps covering the whole nation (as opposed to FEMA’s usage of 60%) and factored in more precise evaluations of dwellings and greater focus on the potential flooding of rivers and streams to estimate that by 2050 more than 60 million Americans may be vulnerable to a 100-year flood.

For businesses considering commercial flood insurance, there are important things to keep in mind. Flooding can severely harm businesses and result in operational interruption or financial liabilities. Small business owners who wrongly believe they are immune from natural disasters are caught off guard by the grim reality that floods are in fact America’s number one natural disaster. In fact, a staggering 77% of small businesses are not prepared to contend with natural disasters, and nearly 40% never recover after being hit. It does not matter how big or small your business is: even a few inches of water can wreak havoc on expensive equipment, merchandise and interrupt business operations. Commercial Flood Insurance can help you to safeguard your business from water damage and minimize the losses you may incur.

How do I know if I need Commercial Flood Insurance?

The first step to take is to review the coverage of your property insurance for flood coverage. However, don’t be taken aback if you don’t find this type of coverage in your policy, as most of them do not include “flooding” as a risk they would cover. Property insurance companies are smart; they know that the risk of flooding is statistically higher than any other risk they cover. Flooding can occur even in low or moderate-risk zones, and 20% of all flooding events in the country affect such areas. It is our nation’s top disaster, catastrophic and affects multiple properties at once, yet there is little you can do to prevent it if Mother Nature decides to open the sky. If you own a mortgaged property, you must purchase a commercial flood insurance policy. After many years of loan ownership, you are familiar with the cost of a commercial flood insurance policy, and perhaps it’s time to shop for a private option. We can help you with that.

How much does commercial flood insurance cost?

If your building is in a higher-risk flood zone (flood zone VE and flood zone AE), the cost of insurance coverage will depend on the size of the building and the amount of coverage required. The National Flood Insurance Program (NFIP) offers a maximum coverage of $500K on commercial flood policies. While some private flood commercial policies offer similar coverage, others go as high as $14M. Buildings in low to moderate-risk flood zones (flood zone X) are eligible for much better premiums on the NFIP Flood Insurance program due to government subsidies of these policies. However, rumors have it that the NFIP is planning to annually increase premiums by 20% until these premiums match high-risk rates. If your premium keeps increasing annually, moving to a commercial private flood insurance policy might be a sensible decision. We can help with that; click here to get started.

Factors to the COST of commercial flood insurance

  • Flood insurance premiums will take into account several factors

  • The age of the building

  • The location of the building to the risk

  • Location of the lowest flood in relation to the Base Flood Elevation (BFE)

  • The flood insurance Rate Maps for your area

  • Private commercial flood insurance is underwritten through Lloyds of London can double coverage and reduce premium drastically

  • Higher deductibles will also help control cost

We will shop all commercial flood insurance options for your property to ensure that we are getting you the best coverage at the best price.


Better Flood insurance offers Nationwide flood insurance

Better Flood Insurance writes policies across the US, and we often work with insurance providers that offer nationwide flood coverage. Let us help you find the right flood insurance for your needs.

There exist several flood insurance options that not everyone is aware of. Our peers are often generalists and not specialized like us, the Flood Insurance Nerds. As experts in our field, we only write flood insurance policies. Wouldn’t you want the confidence of having such expertise on your side?

Many Lloyd’s of London Nationwide flood insurance offering.

Any given year there is flooding in the US and this is a Nationwide problem. Floods can occur anywhere in the country, below are some of the most common events that lead to flooding:

  • Storm surges in hurricane-prone areas.

  • Flash flooding, caused by intense rainfall.

  • Mudslides, caused by long, heavy rain periods on a hill or mountainside.

  • Snowmelt, caused by the still-frozen ground unable to absorb excess water.

  • Ice jams, when an ice chunk flowing in a river or stream blocks, dams or narrows passageways.

  • Urban development, such as new construction and or ground paving, which alters the flood waters by not allowing the land that might absorb excess flood waters.

What are your commercial Flood insurance options?

For over a decade, the National Flood Insurance Program (NFIP) has singularly dominated the flood insurance market. In fact, well-known insurance companies, such as Nationwide, State Farm, and Progressive, operate under a federal program called the WYO. This allows these companies to resell the NFIP, or government option, at zero financial risk.

Not Private flood Insurance

FEMA flood insurance coverage

Congress initiated the National Flood Insurance Program (NFIP) in 1968, aiding flood-prone area residents where private insurers couldn’t affordably step in. Regrettably, nationalization of the program enabled construction of buildings in even the most flood-prone areas, offering a safety net for those properties through government bailout. As per FEMA records, the NFIP’s total claims-paying capacity was just $14.66 billion in Jan. 2018, of which $9.9 billion represents borrowing authority.

Private commercial flood insurance

We’re particularly enthusiastic about the progress commercial flood insurance has made within private companies. It’s becoming an increasingly appealing alternative to NFIP coverage, especially since commercial property owners are seeing major savings. The administration of certain commercial flood insurance options is also being simplified, making it easier to opt for a standalone policy.

Key Benefits to Private commercial flood insurance.

  • One master policy covering all your properties instead of many individual NFIP policies.

  • Intern creating one renewal date rather than the scattering across many months as we have seen on the NFIP policies.

  • Replacement Cost Value (RCV) coverage instead of Actual Cash Value (ACV).

  • Option to include business interruption or loss of rents coverage this is new to flood insurance and then NFIP policy doesn’t offer this kind of coverage

  • Some of our options have no limitations on coverage for subgrade grade floors.

  • Most of our options are “A” domestic surplus lines carriers

Our Lloyd’s of London flood insurance options provide broader coverage and helps to fill gaps left by a standard NFIP policy. Notably, NFIP plans to annually increase commercial flood insurance premiums by 20%. Thus, we can help by searching the private flood insurance market for optimal protection of commercial properties.

Flood insurance commercial contents coverage

On a commercial flood policy, contents coverage pays for damage to inventory, merchandise, machinery, and other contents up to $500,000.

Commercial property flood insurance

The National Flood Insurance Program (NFIP) typically capped the coverage of flood damage for commercial properties at $500,000 for both the building and its contents. Unfortunately, claims were often paid out based on the Actual Cash Value (ACV) of the damaged property.

If lenders required greater coverage, commercial property owners were forced to purchase additional Commercial Excess flood coverage. However, the private flood insurance market has since introduced new options; commercial property owners can find policies that offer coverage up to $2.5 million, $5 million, or even $14 million. By exploring these options, owners can avoid the need to purchase an excess flood policy.

Maximum flood insurance coverage for commercial property

The National Flood Insurance Program (NFIP) typically capped the coverage of flood damage for commercial properties at $500,000 for both the building and its contents. Unfortunately, claims were often paid out based on the Actual Cash Value (ACV) of the damaged property.

If lenders required greater coverage, commercial property owners were forced to purchase additional Commercial Excess flood coverage. However, the private flood insurance market has since introduced new options; commercial property owners can find policies that offer coverage up to $2.5 million, $5 million, or even $14 million. By exploring these options, owners can avoid the need to purchase an excess flood policy.

Commercial excess flood insurance

Although available for years, the private market flood insurance option has been limited to commercial excess coverage. This excess coverage was intended to supplement NFIP’s commercial coverage cap for risks beyond acceptable limits.

Commercial flood insurance quotes

As specialists in flood insurance, we offer multiple options to cover your commercial property. We guarantee to shop many options available to you based on your risk assessment. Our top priority is to provide the good protection plan for your assets and ensure you meet loan requirements while giving you peace of mind. As a business owner, you’re not only responsible for yourself but for your clients, employees, and community. Don’t overlook the importance of getting proper flood insurance coverage to safeguard your legacy and provide for your family.

Commercial condo flood insurance requirements

NFIP limits commercial condominium coverage (RCBAP) to a maximum of $250,000 per unit. Furthermore, commercial condo owners are precluded by the NFIP from obtaining more than $250,000 in coverage per unit. Consequently, if the Association has already secured a Commercial Condominium Master policy for the building at the limit of $250,000 per unit, the building cannot be insured beyond this threshold with the NFIP and sometime their needs to be more coverage. The NFIP views the policy as merely a commercial flood insurance solution. Private flood insurance options can serve as better alternatives to safeguard your risk.

Flood insurance requirements for commercial loans

For those whose loans are from federally regulated financial institutions, and whose properties are located in high-risk flood insurance rate maps- usually zones A and V- such areas are commonly referred to in the banking industry as special flood hazard areas (SFHAs).

This is federal law and there are few institutions that have figured a way around this mandate.

It is standard practice for banks to perform a Standard Flood Zone Hazard Determination (FZD) for all properties, and if the property falls within Zone A or V, it’s mandatory to purchase flood insurance to obtain the loan.

Despite FZD being a common practice, many lenders conduct these checks too late, causing a delay in the closing process or even halting it until the borrower meets the flood insurance requirements.


For condominium and cooperative units, the mandatory purchase of flood insurance by lenders applies. Yet, these requirements have complexities of their own which I discuss in separate blog posts. Check out the links below for further information.

RCBAP Flood Insurance / Master Flood Insurance for Condominium Association

 – and –

How to Explain RCBAP Flood Insurance to Your Condo Association

Commercial flood insurance rates

If your business is situated in a flood zone marked by FEMA, it’s crucial to purchase a commercial flood insurance policy without delay to maintain financial safety. Renting office space? Remember, your landlord’s insurance (flood insurance for rental property) covers the physical structure only – not the contents of your office. They’ll only foot the bill when damages arise as a result of their oversight. Lastly, running a business out of your home? Your home insurance does not provide flood coverage even if you have coverage for your business gear under an add-on. Insuring both your personal and business assets, therefore, demands a separate flood insurance policy. For optimal protection and up to 50% in savings on your coverage, contact Better Flood Insurance – your one-stop flood insurance solution.

Call our flood insurance professionals or visit our website to get a quote today!

Scroll to Top