Flood insurance company Neptune Flood has announced the launch of a new website to streamline the process for small business administration (SBA) borrowers to secure commercial flood insurance.
The purchase of flood insurance is required for government-backed small business loans, like those from the SBA, on property or contents that are in a high-risk or mandatory flood zone. The new digital flood insurance platform allows businesses to quote and bind entirely online in under two minutes. Neptune’s flood insurance policy meets all of the requirements for mandatory bank acceptance.
“Neptune makes it easy for small and medium-sized businesses to properly protect their companies from flooding,” said Trevor Burgess, CEO of Neptune. “With climate change and crazy flooding, every business owner should consider flood insurance – no matter if they have an SBA loan or not. Neptune is the alternative to the [National Flood Insurance Program], and most of the time we can save the business owner money while providing superior coverage.”
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Neptune offers coverage limits four times the level of the NFIP, as well as optional business interruption cover to help businesses recover from a flood event.