Commercial Property Insurance in Florida

Riley Webb Insurance provides commercial property insurance solutions to businesses across Florida and other states.

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What is commercial property insurance?

Purchasing a commercial building or large piece of equipment requires a significant financial investment, and it’s important to protect such investments. Commercial property insurance may help businesses in Florida protect the various assets that they purchase.

Commercial property insurance offers tailored protections for a business’s assets. Policies might offer protection against many perils which could result in damage or loss.

When should Florida businesses get business property insurance?

Most Florida businesses should get business property insurance if they own significant assets. Policies could be used to insure buildings, equipment, extensive inventory, or most other assets.

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What kinds of buildings can business property insurance cover?

Business property insurance is available for a wide range of buildings. Depending on their specific terms, policies might cover multifamily residential properties, retail stores, industrial facilities and warehouses, office buildings, agricultural structures, medical complexes, schools, and most other properties.

While policies are available for many different buildings, not every policy is suitable for every type of building. An insurance agent who specializes in commercial property can help businesses make sure they find a policy that’s designed to insure their building.

What protections do commercial property policies come with?

Commercial property policies might offer a few different protections. Some coverages that policies may have include:

Building Coverage: Could insure buildings that a business owns, possibly covering both a main building and any other structures that are at a location.
Tenant Improvements Coverage: Could insure the changes that tenants have made when building out a leased space.
Contents Coverage: Could insure items stored at a business’s location, whether the place is owned or leased. Equipment, materials, product inventory, appliances, furniture, computers, and many other items might be protected.
Exterior Signs Coverage: Could insure outdoor signs that aren’t attached to a location’s main building. Signs might be covered under building coverage, or this additional protection might be needed.

Are any liability coverages included within commercial property policies?

Commercial property policies are primarily for insuring physical assets that businesses own. They typically don’t come with any liability coverages. It’s usually easy to bundle liability coverages and commercial property coverages together in a package policy, though.

Are digital assets covered by commercial property policies?

Most commercial property policies don’t offer protections for digital assets, as they’re primarily for insuring physical assets. Cyber insurance might offer protection for the digital assets that a business has.

Does a commercial property policy’s contents coverage extend beyond the business’s location?

Any contents coverage within a commercial property policy typically applies only when the insured items are at the insured location. These policies normally don’t extend protection to when items aren’t located at a business’s location.

Other coverages are usually needed to insure items that are taken elsewhere. A couple of important additional protections may be inland marine insurance and builders risk insurance, among other options.

A knowledgeable agent, who understands the property insurance needs of businesses, will be able to make sure items are properly protected. The agent will be able to recommend coverages so items are protected both at a business’s location, and most anywhere else they’re taken.

Are business property policies able to cover multiple buildings?

Yes, many business property policies can be structured so that they cover multiple buildings. A policy may cover several buildings at one location, or buildings at different locations.

An experienced agent can help set up a policy so it covers more than one building.

How much do businesses pay to insure commercial buildings?

The cost of insuring a commercial building can vary a lot. A business’s construction, location, size, value, features, and many other factors influence cost.

To find out how much insurance for a specific building will be, businesses can check quotes with an independent insurance agent. An independent agent will be able to request custom quotes from several insurers.

Where can businesses find commercial property insurance for buildings in Florida?

If you need help insuring a commercial building that’s in Florida, or with insuring other assets, contact the independent insurance agents at Riley Webb Insurance. Our agents will work closely with you, to find a commercial property insurance policy that’ll protect your business’s assets well.

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Feel free to contact our independent insurance agents with any questions or concerns you may have.

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