Philadelphia Insurance Cos. has introduced a new commercial primary flood insurance product designed to be an alternative to businesses enrolled in the National Flood Insurance Program (NFIP).
There are a vast number of flood-related risks, many of which are unique for different types of businesses. This protection is available to various non-residential types of businesses, including those in high hazard flood zones.
Included in the policy is replacement cost coverage for building and contents, as well as location limits up to $5,000,000. Philadelphia is partnering with its sister company WNC First Insurance Services to offer this flood program. WNC Insurance Services will underwrite and administer the program. Businesses looking to obtain coverage from Philadelphia Insurance Cos.