Flooding can be a disaster for any business. As well as damage to business property or equipment, you may lose stock and supplies and find that you cannot trade while the damage is repaired. You may lose contracts and your customers may go elsewhere. Even if the flood does not impact you directly, you may find suppliers are unable to meet your needs or flooded employees cannot get to work.
Impact of flooding on your business
As well as heavy financial losses, a flood may expose your business to civil or even criminal liability. In the worst-case scenario, employees and customers can be hurt or killed.
Floods are one of the most common natural disasters. Climate change is increasing the risk of flooding. Heavy rain can cause groundwater to rise and blocked sewers could cause your business premises to flood.
Simple preparations and planning can help minimise the impact of flooding on your business. This guide explains how to assess the flood risks, protect your business and what to do in the aftermath of a flood.