Flood Re is a governmental scheme which, among other things, guarantees insurance affordability and encourages self-protection. Small and medium enterprises (SMEs) are vital for local economies; their survival is one of the holy grails of economic recovery when flooding impacts communities. Nonetheless, SMEs remain being the least prepared in times of crisis, as well as understudied and overlooked in flood resilience efforts. This is especially true in terms of insurance protection where they have been excluded from Flood Re. A new study from the UK flood affected areas looks at the economic costs of flooding on SMEs and proposes ways to increase their flood protection.