Think you're safe from floods? | Eagle Insurance Brokers Blog

Think you?re safe from Floods affecting your business because you?re situated on top of Uluru? Wrong! Your business income could still be at risk.

I don?t know how many times clients have laughed when I have asked them if they require Flood cover when they are located on the 10th floor of an office building. I then ask my clients the following;

Would your business suffer if, Flood damage caused;
-?? ?Your suppliers two states away are hit by a flood, what will happen now you can?t get parts or equipment in. How low will your production drop?
-?? ?A client?s premises is damaged by flood and they have now put all orders on hold until they are back up and running. Were you relying on that income to pay your staff wages and bills?
-?? ?The bottom level of your office building was flooded in? Would your client?s be ok with swimming in and climbing the 10 floors to your office?
-?? ?An interruption to your supply of communications, electricity, gas or water? Do you have a supply of torches and type writers you can keep going with?
-?? ?Some of your equipment you rely heavily on is located on a site temporarily and is hit by a flood. Can you replace this equipment quickly before your income is exposed?

The truth is, the financial affect of a flood can hit you in many more ways then direct property damage. So if you thought about any of the above points (even for a moment), I suggest you look into obtaining Flood cover on your Business Pack as this is not a usual inclusion on most Business policies and must be requested separately.

As all Flood insurers have different terms and conditions, the above scenarios may not be covered or there could even be other benefits not highlighted above, that?s where Eagle comes in. We have access to a number of insurers who provide Flood cover for businesses so we can help you get the right cover at the best price.

For an obligation free quote, please call Candice Klau at Eagle Insurance Brokers on 02 6639 6466

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