Preparing Your Business for Flooding

Floods can sometimes be predictable. For example, charting the habitual swelling of the tides establishes typical water levels and indicates when coastal areas might be prone to flooding. However, more often than not, floods can arise without warning. Rivers, lakes or the sea can overrun, swamping defenses and surging the surrounding areas.

The fickle U.S. weather only exacerbates the unpredictability of floods. With so many areas susceptible to flooding, one unexpected severe storm can trigger widespread, damaging floods. Neglecting to prepare your property for possible flooding can sink your business. Stay afloat with solid preparation and a thorough flood plan.

Preparing for Floods

It is impossible to completely flood-proof your property, but flood preparation can lower your risk of damage and reduce business interruptions. Begin your preparation by consulting your area’s flood risk map, which you can find on the Federal Emergency Management Agency’s Flood Map Service Center site, or contact your insurer.

Once you have assessed your risk, it is time to prepare your business. Buy and install products in advance that fortify your property against water. Consider the following precautions against flooding when building or remodeling:

• Purchase flood boards for your doors that you can install when flooding is imminent.

• Seal floors to prevent water from seeping up through the ground.

• Fit non-return valves to drains and both inlet and outlet water pipes.

• Install high shelving where you can store items when flooding is inevitable.

• Raise electrical sockets, fuse boxes and wiring at least 12 inches above the 100-year flood level in your area.

• Keep a pump in the basement or lowest level to remove flood water.

In combination with your business’s physical flood prevention measures, adopt these organizational precautions for more comprehensive flood preparation:

• Compile a list of helpful telephone numbers, including your local government and insurer.

• Learn how to shut off your gas, electricity and water.

• Develop a flood continuity plan with suppliers and clients.

• Designate an emergency flood contact.

• Train your employees in correct flood safety procedures and establish a safe meeting place if you need to evacuate.

• Stockpile useful materials like plastic sheeting, plywood, sandbags, nails, hammers and shovels.

Creating a Flood Plan

A flood plan is a written document outlining how your business will respond to a flood. Store your business’s flood plan in an easily accessible location; everyone should always know where it is. All flood plans should include the following:

• A list of important contact information and any additional flood warning systems, building services, suppliers and evacuation contacts

• A map showing locations of supplies, protective materials and shut-off points

• An outline of basic strategies for protecting property, ensuring health and safety, minimizing business disruption and facilitating recovery

• Procedural checklists for staff to use during a flood

Review and update your plan annually. Flood risks and procedures can change, so ensure your business is prepared.

Staying Prepared

Flooding poses a substantial—and sometimes ruinous—threat to businesses in the United States. Flood insurance—not automatically included in standard property policies—is the ultimate preparation for your business. Check your commercial coverage to make sure you are covered for flood damage.

Visit our website to learn more about ways to prepare for natural disasters and manage risks. To connect with a property insurance specialist, click here.

The above information does not constitute advice. Always contact your insurance broker or trusted advisor for insurance-related questions.