With an increase in the number of large flooding events, many insurers have sustained very large financial losses that they are simply unable to sustain.
With ever increasingly sophisticated flood data being used to predict the likelihood of flooding, insurers are taking the decision not to offer flood cover to both existing and new customers – they are actually under no obligation to do so.
Unlike home insurance, there is no Flood Re equivalent scheme that offers cover for businesses and as a result many businesses are either choosing to or have no choice but to self insurer and or install a range of flood resilient measurers to protect their property. For businesses that have mortgages in place or require finance to grow not having insurance can be financially devastating.
There are some insurers however that are still willing and able to offer cover. Backed by leading insurers, we're able to offer tailor made insurance cover for businesses including:
To get a quote or to find out more call our team on 01832 770770.