Expanded Risk Assessment Service

Applications are open for the Business Preparedness and Resiliency Program (BPREP) Expanded Risk Assessment Service.

If your business location is in an area at risk of flooding and/or you have sustained damage as a result of Hurricanes Sandy and/or Ida, or recent natural flood events, you may be eligible for an on-site, one-on-one risk assessment. This service helps small business owners to be better equipped to identify risks and handle future threats while staying focused on their overall goal - increased revenue and growth.

Our experts will review your physical location, business operations, and insurance needs to provide you with personalized recommendations to help reduce the risk to your business and/or property in the case of disruptive events and economic shocks.

Participants for the program will be selected on a first-come, first-served basis, based on the order in which complete applications have been submitted.

Learn More and Apply

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Eligibility Requirements

Your business and/or property is
- Located in an area at risk of flooding according to the NYC Flood Hazard Mapper (select "Future Floodplain 2080s" layer) or the NYC Stormwater Resiliency Maps (select "Extreme Flood (3.66 in/hr) with 2080 Sea Level Rise" layer) and/or:
- Has sustained damage as a result of Hurricanes Sandy and/or Ida, or recent natural flood events
Have been in operation for at least one (1) year at the time of application or the commercial property must be occupied by a small business that has been in operation for at least one (1) year at the time of application
Your annual revenue does not exceed $17 million
Did not previously receive any grant or other benefit from the NYC Department of Small Business Services (SBS) Business PREP Grant Program or the RISE:NYC Program
All required licenses and permits relating to the commercial property or the small business occupying the commercial property must be current

How To Apply

Gather the documents you will need to complete the application process.

Signed copy of W-9 to verify your EIN and legal business name
Business PREP Certification Letter
If a commercial tenant, copy of the lease for the commercial property to demonstrate that the property is occupied by a small business that has been in operation for at least one (1) year
Additional documentation as needed if public records cannot be found/used to determine eligibility
Supporting documents

Need Help?

Call the SBS hotline at 888-SBS-4NYC (888-727-4692) or contact us online.

Apply for the Business PREP Expanded Risk Assessment Service

After You Apply

Use SBS Connect to track the status of your application. Sign into your account and view your application from the My Records page.

SBS will notify you of its final determination.

If your business' application is denied, you have a right to appeal the decision. The instructions for the appeal process will be included in the denial notification from SBS.

Track the status of your application

Frequently Asked Questions

What will this cost me?

There is no cost to the applicant.

I am interested in the Expanded Risk Assessment Service. How does the process work?

The first step is to submit an application. You can apply online here.

Your application will be reviewed to determine eligibility. If eligible, a program representative will contact you to schedule the on-site risk assessment at your place of business. After the assessment, the team will provide you with a report that includes recommendations on how to improve the resiliency of your business and thrive long-term.

What is the deadline for applications?

The program is first-come, first-served for businesses that meet the criteria. SBS will continue to process applications until the funding has been exhausted.

How long does the process take?

You will know whether you are eligible for an on-site assessment within three (3) business days of the receipt of your complete application. If you are eligible, we will contact you within one (1) business day of your approval to schedule the risk assessment at your convenience. The assessment itself will take roughly two (2) hours. After the initial visit, the assessment team will create a customized report and determine which resiliency measures they recommend. The team will schedule a follow-up to discuss the report and guide you through made recommendations.

What does the team do when they come out for the risk assessment?

Our team of experts will interview you and assess your physical space, operations, and insurance coverage to determine what vulnerabilities you may face in a disaster and what could be done to be better prepared and lessen your risks.

What do I need to prepare for the assessment?

We recommend that you gather insurance documents and a copy of your lease. Additionally, if you have already done any emergency planning or business continuity planning, you should have those documents at hand to share them with the assessment team.

We also recommend that the owner be present at the assessment, along with any key operations personnel that they would like to include and who might be helpful in describing the business operations to the assessment team as they walk through the premises.

What is the best way to contact you?

Call 888-SBS-4NYC or send us a message.