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Secure Your Business with Flood Insurance

Reliable Flood Insurance Solutions by Pillar Insurance Group LLC in Maryland
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Pillar Insurance Agency/ commercial flood insurance

Commercial Flood Insurance Provided By Our Agency

Protect your business from the devastating effects of flooding with comprehensive flood insurance tailored to your specific needs.

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Buildings
Contents
Increased cost of compliance
Prevention, Protection & Clean-up
Excess coverage

Buildings Coverage

Risk Factors

A flood can cause major damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC.

Solution

Commercial Flood insurance provides up to $500,000 in coverage for direct physical damage to buildings from or by flooding. This includes damage to floors, walls, ceilings, plumbing, electrical systems, and HVAC. In addition, for businesses that rent their buildings, this coverage can provide for tenant improvements your business has made to the building you rent.

Contents Coverage

Risk Factors

A flood can damage furniture, fixtures, inventory, machinery, equipment, and other property your business owns, and you need to pay the expenses for their replacement.

Solution

This also covers the contents of your building up to $500,000. Contents coverage includes furniture, fixtures, inventory, machinery, equipment, and other property your business owns that a flood has damaged.

Increased cost of compliance

Risk Factors

Cities and communities usually update their building standards over time to reduce damage from floods. However, if your building was built before the current standards took effect, you may incur additional costs to rebuild or bring your building up to the current flood management standards.

Solution

ICC coverage reimburses you for the cost to elevate, demolish, or relocate a damaged building. It also reimburses the cost of floodproofing qualified basements in buildings. ICC claims are handled in addition to the amount of your building claim.

Prevention, Protection & Clean-up

Risk Factors

Sandbagging is the most common and effective form of flood protection before a storm. A storm or a flood can damage your contents, and you need to pay for the clean-up of debris.

Solution

The NFIP will pay up to $1,000 to reimburse the cost of placing sandbags to protect your property. In addition, Commercial Flood Insurance will also pay up to $1,000 to reimburse the cost of moving items out of danger in advance of a storm. Finally, Flood Insurance will pay for the cost of removing debris from your property after a storm.

Excess coverage

Risk Factors

If you need higher coverage limits beyond the NFIP limits, you can purchase excess coverage from a private insurer.

Solution

In addition to the coverage provided by the NFIP, excess flood insurance coverage is available from insurers on the private market. Excess coverage can also offer business income insurance lost due to a flood. This can compensate your business for lost profits, as well as wages and operating expenses while your business is unable to operate.

What is Flood Insurance?

Flood insurance, which is often not included in regular commercial property insurance plans, protects against flooding-related damage. It is essential for businesses located in flood-prone areas to safeguard their assets and ensure continuity in the event of a flood.

Coverage Offered by Flood Insurance

Flood Insurance from Pillar Insurance Group LLC in Maryland can cover a range of losses and damages, including:

  • Structural damage to buildings
  • Damage to business equipment and inventory
  • Loss of income due to business interruption
  • Costs associated with cleanup and debris removal
  • Replacement of damaged utilities and systems

Cost of Flood Insurance

The cost of flood insurance differs based on several factors, including the location of your business, the level of coverage required, and the value of the insured assets. On average, businesses can expect to budget for premiums that reflect the risk level of their specific area in Maryland.

Benefits of Flood Insurance

  • Protects against costly flood damage
  • Ensures business continuity during recovery
  • Covers cleanup and debris removal expenses
  • Provides peace of mind for business owners
  • Helps maintain financial stability

At Pillar Insurance Group LLC, we understand the unique risks businesses face in Maryland. Our flood insurance solutions are designed to provide the comprehensive coverage you need to protect your assets and ensure your business can recover quickly after a flood.

 

Don't leave your business vulnerable to the unpredictable nature of flooding. Contact Pillar Insurance Group LLC today to learn more about our flood insurance options and how we can help you secure your business in Maryland.

Already have Commercial Flood Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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Pillar Insurance
We extend coverage to individuals and businesses in Potomac, MD and surrounding areas.
10000 Falls Rd, Suite 206
Potomac, MD 20854
240-722-6854
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