Getting ready to build a shop- first time in many decades I have done so- perusing this forum for ideas.

Over here if that happened, you would be told no insurance if you build on that same land - mostly used for earthquake and flood prone areas.

Good luck with your build. Best advice I can give is make sure you have adequate ventilation - or good air flow. Humidity will hurt your tools, projects, parts and be unpleasant to work in.
The state subsidizes zone 1 housing, it's a smart gamble, 50 years of property taxes between flows generally.