Neptune to Offer Flood Insurance to Small Business Administration Borrowers

May 14, 2021

Neptune Flood, an AI-driven flood insurance company, has launched designed for SBA borrowers to obtain commercial flood insurance. Both owners and tenants are eligible for commercial flood insurance through the new platform.

Government backed business loans, such as those from the SBA, on property or contents that are in a high-risk or mandatory flood zone (generally one that begins with an A or V) require the purchase of flood insurance. from Neptune offers a digital flood insurance platform where businesses can quote and bind coverage online in under two minutes. Neptune’s flood insurance policy meets all of the requirements for mandatory bank acceptance.

According to Neptune CEO, Trevor Burgess, the company offers an alternative to the NFIP that can typically save business owners money with expanded coverage.

Neptune offers higher building coverage limits than the NFIP ($4 million vis $500,000) and offers an optional business interruption cover to help recover from a flood event.

Neptune Flood is an entirely digital flood insurance company offering coverage throughout the United States.

Topics Commercial Lines Business Insurance Flood Small Business

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