Tue, Oct 15 2024
Ahead of the Atlantic hurricane season of 2024, FloodFlash, a trailblazing InsurTech company, is introducing a solution to offer business interruption (BI) coverage in the United States.
Acknowledging the shortcomings of current business intelligence choices, FloodFlash seeks to offer a solution that protects companies from catastrophic losses brought on by disruptions caused by floods.
No restrictions on claim payment usage, quick payment claims, professional assistance, and adjustable policy limits are some of Flood BI's salient characteristics. With a broad range of industries covered, including hotels, retail, healthcare, manufacturing, and education, Flood BI seeks to assist organizations that are susceptible to flooding threats.
BI protection is critical now more than ever since the 2024 Atlantic hurricane season is predicted to be quite active.
With the introduction of Flood BI, the company has demonstrated its dedication to serving the underserved segment of the market. With floods responsible for billions of dollars' worth of losses in the US every year, FloodFlash aims to provide companies with the resources they need to reduce risks and prosper in the face of natural disasters.
FloodFlash is a leader in providing sensor-enabled parametric flood insurance, transforming the way that companies reduce their risk of flooding.
With the use of IoT technology and sophisticated data modeling, their rapid-payout flood solution offers quick and adaptable coverage.
FloodFlash guarantees dependability and transparency in its insurance solutions as it is a Financial Conduct Authority-regulated company and a registered coverholder at Lloyd's of London.
"Flooding causes billions of dollars in losses across the US every year, yet only 20% of those losses are covered by insurance - and a massive part of that uninsured loss comes from business interruption," stated Rich Coyle, the director of sales for FloodFlash US. There are just too few and infrequently available BI choices on the market.
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