Flood Insurance for Canadian Businesses

Extreme weather events including those causing floods are on the rise and water damage claims have started to exceed fire damage claims which have historically not been the case.

Despite flood protection being excluded from most personal lines policies (until recently), flood insurance has always been available to most commercial and business clients as part of their commercial All Risk/Perils Property insurance.

Commercial Property Insurance Typically Includes Flood Insurance

Basic property insurance covers loss and damage caused by fire or lightning, including the cost of removing property as a way to protect it from further damage.

However,  “All Risk or All perils” insurance policies have become the norm and they can provide coverage for extended perils, such as overland flooding, windstorms, hail, extreme weather linked to climate change, earthquakes, acts of terrorism, explosion, riots, smoke, civil commotions, etc.

Flood Insurance Coverage

  • Buildings and other structures (leased or owned)
  • Furniture, equipment, and supplies
  • Inventory
  • Money and securities
  • Records of accounts receivable
  • Leasehold improvements and betterments you made to a rented premise
  • Machinery/boiler
  • Electronic data processing equipment (computers, etc.)
  • Valued documents, books, and papers
  • Mobile property (construction equipment, etc.)
  • Property in transit
  • Cargo
  • Signs, fences and other outdoor property not directly attached to the building
  • Lost revenue as a result of loss
  • Ordinary payroll
  • Extra expenses as a result of loss

We understand that determining the value of your business is critical. Our advocates can help you secure the best property products, services and solutions for your organization

We’re here to help you find the BEST insurance policy for your business.

 Aligned Across Canada

100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary, and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates, and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

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