Risk Insurance Brokers Launches California Commercial Property Flood Coverage
SAN DIEGO (PRWEB) June 27, 2019 -- Risk Insurance Brokers, a leading catastrophe insurance broker, announced today that it will begin offering a new California Commercial Property Flood program. This new program is designed to help business owners protect themselves from the financial devastation caused by flooding.
“Most of California is vulnerable to floods. Furthermore, one in five Californians and more than $580 billion worth of structures are susceptible,” said Travis Noland, assistant vice president at Risk Insurance Brokers. “It has become increasingly clear to us that offering coverage for many of the unexpected expenses that insureds face in the aftermath of a flood is well suited for the California market.”
Coverage highlights include:
- Up to $10,000,000 in limits
- All flood zones considered
- Business income coverage
- Multiple building coverage
- Base flood elevation certificates not required
- Replacement cost coverage available
This new offering is National Flood Insurance Program (NFIP) compliant and backed by ICW Group Insurance Companies, an AM Best “A” rated group of property and casualty carriers.
“We continue to develop new products that help our network of agents and brokers better serve their clients,” said Shawn Adams, senior vice president of Catastrophe Underwriting at ICW Group. “We’re confident our new California flood product will accomplish this, while providing businesses throughout California high quality flood protection when they need it most.”
To learn more about Risk Insurance Brokers’ new California Commercial Property Flood insurance offering, visit riskinsbrokers.com/flood or contact a Risk Insurance Brokers underwriter.
###
About Risk Insurance Brokers
Risk Insurance Brokers is a leading catastrophe insurance broker dedicated to providing the highest quality earthquake and flood coverage. Through its exclusive partnerships with AM Best “A” rated carriers, the company enables its agents and brokers to offer their clients competitively priced protection along with comprehensive claims expertise. To learn more, visit Risk Insurance Brokers’ website.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Workers’ Compensation, Property and Auto insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims while elevating the trusted agents who advise them. For more information, visit ICW Group’s website, Twitter, LinkedIn and Facebook pages.
Gary Whitfield, ICW Group Insurance Companies, http://www.icwgroup.com, 8584365149, [email protected]
Share this article