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- FL Agency License L016633
Commercial property
Offices, restaurants, strip malls, shopping centers and warehouses. We insure the building, what’s inside and the income you’d lose if a covered loss shut you down.
The short answer
Commercial property insurance covers a business’s building, equipment, inventory, furniture and improvements against fire, wind, theft and other covered losses. Business income coverage replaces lost revenue and pays ongoing expenses while you’re closed for repairs. In Florida, wind deductibles and flood exclusions work much like they do on homeowners policies, so they deserve a careful look.
Check your named-storm or wind deductible, usually a percentage of the insured value. Flood is excluded, so buildings in or near flood zones need commercial flood coverage. And insure to the full replacement cost: building costs have climbed, and underinsuring can reduce what a claim pays.
Many small businesses can combine property and liability in a business owner’s policy. Our business insurance page explains when that makes sense.
Usually, yes. Your landlord’s policy covers the building, but not your equipment, inventory or the improvements you paid for. Your lease may also require you to carry it.
Wind damage is generally covered, subject to a named-storm or wind deductible. Flood and storm surge need separate flood coverage.
It replaces the income you lose and pays continuing expenses like payroll and rent while your business is closed after a covered loss.
