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Flooding can have a devastating impact on your business. Since commercial properties are twice as likely to be at risk from flooding compared to the average British property1, it is vital you are prepared in the event of a disaster.
In the UK, Greater London has the highest number of commercial properties in the 200-year flood zone (41,946). West Yorkshire is the region with the second highest number (10,396). Both regions have faced recent flooding with thunderstorms causing advanced surface water flooding – in London last summer, and the Calder Valley in Yorkshire being affected by numerous floods over the last decade.
Floods threaten businesses, yet in a survey by FloodFlash2, only 42% claimed to have business interruption insurance.
Help ensure your business is more flood resilient by considering:
Insurance
- Understand the risk of flooding to dealerships
- What physical measures can be undertaken to minimise risks
- Implications from an insurance perspective
Risk Management
- Identify and mitigate risk
- Establish a flood response plan
- Highlight the number or buildings in flood risk areas
- What to do in the event of a flood, such as moving vehicles to safety
- What to have in a Business Continuity Plan as a minimum
With climate change leading to a greater risk of floods, it is crucial to take precautionary steps now to protect your business.
Telephone: 0330 058 9863
Email: hello@pib-insurance.com
1 The FloodFlash Commercial Risk report 2022 – 2nd Edition
2 The FloodFlash Commercial Risk report 2022 – 2nd Edition
