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Commercial Flood Insurance: Basic Facts
  • 25% of businesses that suffer a catastrophic event such as floods never reopen.
  • The commercial flood insurance industry is driven primarily by the private market; only 5% of NFIP policies are commercial policies.

In June of 2017, the National Conversation Flood Resilience Dialogue held its second in-person engagement of the year, the Commercial Flood Insurance Roundtable. Participants included industry stakeholders, DHS S&T and FEMA officials, community leaders, and business owners who have been directly impacted by a flood event. Community leaders shared their flood experiences, and all participants discussed the need to develop technology solutions that enable business owners to better understand their risk.

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We want to hear from you…
  • What can be done to help business owners understand their risk, assess potential loss, and make informed decisions about flood insurance?
  • What technology and information solutions would make commercial flood insurance more affordable and easier for business owners to understand?
  • What would better incentivize business owners to participate in mitigation actions?
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