When water rises along the Willow River or the St. Croix, a business owner loses more than drywall and inventory. The doors close. Customers go elsewhere. Staff still need schedules and paychecks. Federal flood insurance can help rebuild, but it’s designed around physical damage, which leaves one of the biggest parts of a flood’s impact untouched.<\/p>\n
What’s lost<\/strong><\/td>\n| Federal flood policy (NFIP)<\/strong><\/td>\n<\/tr>\n | The building itself<\/td>\n | \u2714 Covered up to policy limits<\/td>\n<\/tr>\n | Contents, equipment, and inventory<\/td>\n | \u2714 Covered with separate contents coverage<\/td>\n<\/tr>\n | Time closed and lost income<\/td>\n | \u2718 Not covered<\/td>\n<\/tr>\n<\/table>\n | Why Your Business Policy Doesn’t Fill the Gap<\/h2>\nBusiness income coverage on a BOP or commercial property policy usually kicks in only after a covered physical loss. Since flood is typically excluded from those policies, the income protection tied to them generally doesn’t respond to flood either. The same goes for losses when a key supplier’s building floods.<\/p>\n Ways Businesses Plan Around It<\/h2>\nA Timing Reminder<\/h2>\nFederal flood policies generally take 30 days to become active. With spring snowmelt and ice jams a regular threat in the St. Croix Valley, fall is the right season to put coverage in place.<\/p>\n B&B Insurance Services helps businesses in New Richmond, Park Falls, and across Wisconsin and Minnesota understand exactly where their business owner’s policy<\/a> and commercial property coverage<\/a> stop, and where flood planning needs to begin. To review your options, contact our team<\/a> or visit B&B Insurance Services<\/a> in New Richmond, WI.<\/p>\n","protected":false},"excerpt":{"rendered":" When water rises along the Willow River or the St. Croix, a business owner loses more than drywall and inventory. The doors close. Customers go elsewhere. Staff still need schedules and paychecks. Federal flood insurance can help rebuild, but it’s designed around physical damage, which leaves one of the biggest parts of a flood’s impact […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[9,12,11],"class_list":["post-11","post","type-post","status-publish","format-standard","hentry","category-flood-insurance","tag-bb-insurance-services","tag-flood-insurance","tag-new-richmond"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t |