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Fire & Water - Cleanup & Restoration

Are You Covered for Commercial Water Damage?

1/27/2020 (Permalink)

Commercial water damage in Harrisonville, MO

Are You Covered for Commercial Water Damage?

Property damage from water is a common reason for commercial insurance claims. Dozens of potential sources exist that can cause water damage to your business. This discussion of insurance coverage may help you decide the type and extent of coverage you need.

Internal Water Breaches

Will your Harrisonville, MO, business be covered by conventional insurance if you incur property damage from water? The answer is, it depends. For most internal water breaches that cause damage, your business insurance will be responsible for covering professional cleanup and restoration costs. Here are some examples of covered scenarios:

  • broken pipes
  • leaking refrigerator
  • overflowing toilet
  • leaking water heater
  • accidental equipment failure

When water from these or similar sources damages your property, your commercial insurance will usually pay for the cleanup and water damage restoration. Often, they will cover the cost of replacing your damaged items. Your agent can help you file a claim and determine the level of your coverage. If your damage was caused by external water sources, it’s in a different category that may require special coverage.

Flooding and External Breaches

Will your business insurance cover water cleanup and restoration from a flood? Not usually. Most commercial flood damage is excluded from conventional insurance coverage. If water enters your building from the outside at ground level or below, you would need to have a special flood insurance policy in order to be covered. This includes water damage from overflowing rivers and water main or dam breaches.
Flood insurance is obtained from the federal government but can usually be brokered by your insurance agent. If you are in a low-lying area or a known flood plain, you are considered to be high risk and may be required to purchase flood insurance.
When water from any source damages your business, it can be costly and time-consuming to remedy. Conventional business insurance is the minimum level of protection and generally covers only damage from internal leaks, such as broken pipes. Property damage from external water sources would be covered only by a special flood policy. It’s prudent to evaluate your risk to make sure you have adequate protection.

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