Cash flow protection for large and complex risks


FloodFlash now provides bespoke solutions to larger corporate clients, including those with captives, as well as on a facultative basis for cedents. Secure the tailored and efficient protection of catastrophe bonds with the accessibility of FloodFlash coverage.


Secure bespoke flood underwriting at a fraction of the cost

Our bespoke solution for large corporate clients can be used for deductibles, full cover or to support captive portfolios. Watch our short video to find out how it works.

FloodFlash makes complex risks simple

1 - create bespoke triggers

network

Work with our risk experts to design triggers that suit your risk, including FloodFlash award-winning sensors and third party gauges.

2 - buy down larger deductibles

claims

Use FloodFlash to fill deductibles of any size. Choose your limits to suit your risk with and claim with no impact on the primary policy.

3 - carve flood exposure out entirely

balance

If flood represents a significant exposure in your insurance program, use FloodFlash to remove it and balance risk across your portfolio.

4 - cover multiple risks

risk

If you want to cover multiple buildings in a single site, or across multiple sites we can manage cover that suits your portfolio needs.

5 - reduce basis risk

support

Unlike other parametric insurers FloodFlash uses sensors installed at your property. That way the cover reflects the risk more accurately.

Rakuten Medical

Biotechnology - San Diego

In San Diego 15% of commercial properties face at least a moderate risk from flooding. Rakuten had NFIP flood insurance, but needed additional cover to satisfy lease requirements.

The flexibility of FloodFlash coverage appealed to Rakuten. With the help of their brokers they choose coverage that suited them, settling on a singular payout that would cover property damage and business interruption. They set their trigger depth at 40 inches due to a flood defence wall in place around the property.

In the event of a flood, they no longer have to deal with lengthy admin at the time of claim and can spend the payout how they like.

FloodFlash is so easy to work with, even for complex risks. Clients like Rakuten Medical appreciate the flexibility around trigger depths and limits, so they can choose the coverage that works for them.

Malia Gagnon - Broker

Johnson Service Group

Workwear and protective supplies - UK

A flood in 2020 at one of the Johnson Service Group sites led to an excess of £1m being imposed on their flood policy. The same excess was also imposed on three other sites. While the client was willing to self-ensure part of the excess, they wanted reassurance that the remainder would be covered in the event of a flood.

They chose FloodFlash to cover their deductible because they do not need to claim on the primary policy to get their FloodFlash payout. As soon as water reaches their trigger depth, FloodFlash begin the claim. They can choose how that money is spent, whether it’s paying the the deductible, clean up costs, business interruption, or any unanticipated costs.

FloodFlash is easy to use and has offered great service. It has allowed us to provide our client with the cover they were looking for at an affordable price. The flexibility is offers is game-changing for our clients.

Nanette Backhouse - Broker

Princess Anne Country Club

Hospitality - Virginia

Due to the club’s proximity to the coast, rising sea levels and increasingly intense storms are putting the club at increased risk. Coverage on the National Flood Insurance Program was limited and didn’t extend to business interruption. The club wanted to ensure they were fully protected in the event of a flood.

With the help of their broker, the club designed a policy to supplement the NFIP coverage. With their FloodFlash policy, they no longer have to deal with lengthy admin at the time of claim and can spend the payout how they like.

FloodFlash has offered great service. It has been so much more efficient than working with the National Flood Insurance Program and has allowed us to offer our clients broader and more flexible coverage.

Heather Garrett - Broker