With offices in both West Yorkshire and Cumbria, we are well aware of the issues flooding can bring to businesses as the December floods of 2015 still live strong in the memories of businesses in both areas and the recent flooding has brought this back into focus.
While there has been progress with providing flood insurance for these hard-hit areas, many businesses either cannot get flood cover, are faced with paying very high premiums or have restrictive excess levels in the event of a claim.
We may now have a solution for many of these businesses. We have teamed up with FloodFlash to offer an innovative alternative to modern flood insurance.
FloodFlash is a new type of flood insurance. Their data and smart sensor approach removes the uncertainty, cost and time of traditional insurance, allowing them to offer quotes to businesses and landlords that have struggled to get cover without large premiums or excesses.
Each policy is based on a mobile-connected sensor installed outside the insured property. When the sensors detect flooding, they send the data to FloodFlash HQ and the payout is arranged. Unlike traditional insurers, they don’t use loss adjustors to assess damage, meaning you get paid the fixed amount on your policy without further delays. These rapid payouts allow business owners and landlords to begin their recovery more quickly.
Samantha Torbett, Development Executive at Wilby said “We think that this could be a great solution for our clients who struggle with flood cover. We’ve already been out and about with the FloodFlash team in some of the main areas hit by flooding and the feedback we’ve had has been fantastic.”
Brent Jackson, Commercial Director at FloodFlash said “We’re proud to partner with Wilby to provide insurance solutions for their clients. We look forward to making sure their clients have access to cost effective flood cover. Our fixed-value rapid pay-outs ensure that when the flooding occurs next those businesses and landlords have control and are able to choose the most effective way to use the pay-out to help with their recovery."