Preferred risk Policy low-cost flood insurance. Photograph of a flooded office with chairs and computers don’t wait. call your insurance agent today. About 85 insurance companies sell preferred risk flood insurance from the National Flood Insurance Program. And they all sell it at the same low price. So call your insurance agent today—because flood insurance takes 30 days after purchase to go into effect. a small investment Protects you from a huge Problem. Every year, thousands of businesses throughout the United States suffer from flooding. It can mean paying a huge, unexpected bill to recover from the damage—or the end of your livelihood for you and your employees. But with a Preferred Risk Policy (PRP), businesses located outside of high-risk flood areas can get up and running again more quickly. And coverage starts at $641 per year for $50,000 building coverage and $50,000 contents coverage. Or only $183 annually for just contents coverage, if you lease your space. Best of all, with new commercial rates for flood insurance now in effect, you can customize the coverage that’s right for you. And that can help keep your business in business. FEMA logo. FloodSmart.gov/commercial 1-800-427-2419 it can keep your business in business. Red National Flood Insurance Program (NFIP) logo. F-43701/2013 floods haPPen. suddenly and everywhere. your risk could be greater than you think. It starts with a drop of water. And builds into a destructive flow that buckles walls and floors, wrecks costly equipment, ruins furniture, and damages supplies. Unless you have flood insurance, you’re then faced with only three choices: paying recovery costs out of your own pocket; taking out a loan, which puts additional debt on the business; or closing your doors and trying to start over. Far too many businesses have to choose the third option. Almost 40% of small businesses never reopen their doors following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. From 2007 to 2011, the average commercial flood claim was over $75,000. And general business insurance coverage won’t protect you from floods. Only low-cost flood insurance can. Preferred risk Policy Premium table: COmmERCIAl non-residential building and contents coverage combinationsEffective January 1, 2013 building & contents1coverage $50,000ANNUAl PREmIUm2,3 $100,000ANNUAl PREmIUm2,3 $150,000ANNUAl PREmIUm2,3 $200,000ANNUAl PREmIUm2,3 $250,000ANNUAl PREmIUm2,3 $300,000ANNUAl PREmIUm2,3 $350,000ANNUAl PREmIUm2,3 $400,000ANNUAl PREmIUm2,3 $450,000ANNUAl PREmIUm2,3 $500,000ANNUAl PREmIUm2,3 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure 5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 w/Basement or Enclosure4 w/o Basement or Enclosure5 $50,000 $1,014 $641 $1,306 $797 $1,587 $946 $1,853 $1,088 $2,107 $1,224 $2,349 $1,353 $2,579 $1,475 $2,794 $1,590 $2,998 $1,698 $3,189 $1,800 100,000 1,436 858 1,729 1,014 2,008 1,163 2,275 1,305 2,529 1,441 2,771 1,570 3,000 1,692 3,216 1,807 3,419 1,915 3,610 2,017 150,000 1,747 1,019 2,040 1,175 2,319 1,324 2,585 1,467 2,840 1,602 3,082 1,731 3,311 1,853 3,527 1,968 3,730 2,077 3,921 2,179 200,000 1,915 1,188 2,208 1,344 2,487 1,493 2,754 1,635 3,008 1,771 3,250 1,900 3,479 2,022 3,695 2,137 3,899 2,245 4,089 2,347 250,000 2,034 1,301 2,327 1,457 2,606 1,606 2,872 1,748 3,127 1,884 3,369 2,013 3,598 2,135 3,814 2,250 4,017 2,358 4,208 2,460 300,000 2,165 1,420 2,458 1,576 2,737 1,726 3,004 1,868 3,258 2,003 3,500 2,132 3,729 2,254 3,945 2,370 4,148 2,478 4,339 2,580 350,000 2,310 1,485 2,602 1,641 2,882 1,790 3,148 1,932 3,402 2,068 3,644 2,197 3,873 2,319 4,088 2,434 4,292 2,543 4,483 2,644 400,000 2,405 1,556 2,697 1,712 2,976 1,861 3,243 2,003 3,497 2,139 3,739 2,268 3,967 2,390 4,183 2,505 4,387 2,614 4,578 2,715 450,000 2,513 1,634 2,806 1,790 3,085 1,939 3,352 2,081 3,606 2,217 3,848 2,346 4,076 2,468 4,292 2,583 4,495 2,692 4,686 2,793 500,000 2,632 1,719 2,924 1,875 3,204 2,024 3,470 2,166 3,724 2,302 3,966 2,431 4,195 2,553 4,410 2,668 4,614 2,776 4,805 2,878 1Add the $50.00 Probation Surcharge, if applicable. 2Premium includes Federal Policy Fee of $20.00. 3 Premium includes ICC premium of $5.00. Deduct this amount if the risk is a condominium unit.4 Contents-only policies are not available for contents located in basement only.5 Use this section of the table for buildings with crawlspaces or subgrade crawlspaces.contents-only1,4,6 annual Premium2 Contents Above Ground (more than one floor) All Other locations (basement only not eligible) $50,000 $183 $392 100,000 268 584 150,000 353 776 200,000 437 968 250,000 522 1,161 300,000 607 1,353 350,000 692 1,545 400,000 776 1,737 450,000 861 1,929 500,000 946 2,212 Note: All nonresidential buildings, including nonresidential condominium buildings, are eligible for the Preferred Risk Policy. Individual nonresidential condominium units are only eligible for Contents Only coverage. In addition, individual residential condominium unit owners in nonresidential condominium buildings are only eligible for Contents Only coverage. The deductibles apply separately to building and contents. Building deductible, $1,000. Contents deductible, $1,000. Note: Replacement Cost Coverage is not available for the building or contents. All claims will be settled using Actual Cash Value (depreciated value). Business interruption is NOT an available coverage in the National Flood Insurance Program. Note: Basement only not eligible.for more information, visit floodsmart.gov/commercial or call 1-800-427-2419. Red National Flood Insurance Program (NFIP) logo.