Can ‘Flood Re’ increase the resilience of small businesses? Investigating flood insurance and other strategies to move forward

University of Leeds

April 2016

Financial protection against flood risk has been recognised a way to protect assets and livelihoods. However, concerns exist about the affordability of cover in high risk areas. Flood Re, a scheme were premiums are subsidised, were created to help households, but excludes micro-businesses, small businesses, charities and co-operatives in high-risk flood areas. The objective of this project is to improve our understanding of flood insurance for SMEs, and to establish if SMEs have flood insurance problems, and if so, how they could be overcome and which other risk management strategies could be available for SMEs. By doing so, the project will contribute to the development of a flood protection policy framework that increase the resilience of this backbone of the economy.

Research Council: ESRC