Majority of businesses aware of flood risk, but less than half have comprehensive cover

Nearly three quarters (71%) of businesses are aware of their flood risk, but less than half (44%) agree that they have comprehensive flood cover.

This is according to FloodFlash’s Commercial Risk Report 2021, which revealed that more than half (60%) of businesses it surveyed with moderate to significant flood risk struggle to find affordable cover.

With around 1.6m buildings in Britain having some sort of commercial use, the report found that the group that struggled the most with flood insurance were also concerned about their business continuity – compared to only 14% with a low flood risk.