Main Navigation
Sections
Social Media Connect
Tampa Bay Business and Wealth Magazine
Tampa Bay Business & Wealth
Local Business

Neptune Flood launches excess flood insurance product

| Jo-Lynn Brown

Neptune Flood, a St. Petersburg-based provider of private flood insurance, launched its excess flood insurance product for residential, commercial and condominium properties.

According to a release, a Neptune excess flood policy provides coverage above the maximum limit available through the National Flood Insurance Program, allowing customers to keep their NFIP policy if they have yet to reach their market rate, according to a release.

The NFIP’s $250,000 residential and $500,000 commercial limits have not been modified in more than 25 years, during which time the average U.S. house price has more than doubled.

Neptune’s excess product, offering over $4 million of coverage, addresses this coverage gap and protects against losses over NFIP limits, allowing home and business owners to protect their property appropriately, the statement said.

You May Also Like
Meals On Wheels of Tampa headquarters building with a modern gray and red exterior, showcasing the nonprofit’s heart and utensils logo on the front facade.
Wyne IRB logo with a leather-bound menu and a white sangria garnished with fruit, photographed on a black table.
Headshots of Marisa A. Infante and Chase M. Robinson, newly added associates at Shumaker’s Tampa office.
Anchor Glass Container logo alongside a group of empty glass bottles.
More Local Business Posts
Industry veteran buys Riverview Village Inn
 |  Chuck Merlis

After decades running Village Inn restaurants across Florida, Dean LaFollette now owns the Riverview location he first advocated for nearly 20 years ago.

Read More
Riverview Village Inn restaurant exterior alongside owner-operator Dean LaFollette.
Next Level Brands elevates culinary leadership with two key promotions
 |  Chuck Merlis

Next Level Brands is reshaping its leadership team, doubling down on internal talent to fuel its next stage of growth. The hospitality group announced Chef Jacob Rios, the creative force behind Union New American, has been named Director of Culinary and will join the executive leadership team. Stepping into Rios’ former role, Chef Casey Alfonso

Read More
Chef Jacob Rios, newly appointed Director of Culinary at Next Level Brands, stands in his chef’s coat outside Union New American in Tampa.
SBA offers disaster loans to Florida residents and businesses
 |  Jo-Lynn Brown

The U.S. Small Business Administration is offering low-interest disaster loans to Florida residents, nonprofits and small businesses affected by severe storms and a tornado that struck, on June 25. The declaration covers Pinellas County and neighboring Hillsborough and Pasco counties. Loans are available for physical damage and economic injury, with interest rates as low as

Read More
Morgan Automotive Group Acquires Ocean Honda in Port Richey  
 |  Megan Kostner

By Michael Connor   Morgan Automotive Group announced today that it acquired Port Richey-based Ocean Honda.  It will be called Honda of Port Richey and is the company’s ninth Honda dealership.   The acquisition demonstrates Morgan Auto Group’s continuous investment in Greater Tampa Bay, becoming its 24th dealership in the area.   “Tampa Bay has always been home

Read More
Other Posts
St. Pete Insurtech shows big profit on NYSE
 |  Chuck Merlis

Neptune CEO Trevor Burgess explains how AI, growth and a federal shutdown sparked his question: “Do we need the NFIP at all?”

Read More
Trevor Burgess and the Neptune Insurance team ringing the opening bell at the New York Stock Exchange on October 1, 2025.
Achieva Credit Union names president and CEO, honors retiring leader Gary Regoli
 |  Jo-Lynn Brown

Achieva Credit Union has appointed Eric Jenkins as its new president and chief executive officer, succeeding Gary Regoli, who is retiring after 17 years with the financial institution. Jenkins brings more than 30 years of credit union leadership experience, most recently serving as CEO of SRP Federal Credit Union, in North Augusta, South Carolina. He

Read More
Eric-Jenkins
FloridaCommerce launches $15 million Emergency Bridge Loan Program for businesses affected by Hurricane Helene
 |  Jo-Lynn Brown

In the aftermath of Hurricane Helene, FloridaCommerce has activated the Florida Small Business Emergency Bridge Loan Program, making $15 million available to help impacted businesses recover. Small businesses in Florida that were affected by the hurricane can apply for short-term, zero-interest loans designed to provide immediate financial relief. The program, administered by the Florida Department

Read More
UPDATES from FEMA: Federal, state and local efforts focus on disaster response in Florida
 |  Jo-Lynn Brown

As Florida grapples with the aftermath of Hurricane Helene, federal, state and local agencies are coordinating recovery efforts alongside nonprofit and faith-based organizations. Florida, along with several other Southeastern states, is facing significant challenges including impassable roads, disrupted communications, compromised water systems and widespread power outages. President Joe Biden recently approved a major disaster declaration

Read More