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commercial property insurance

Commercial property insurance protects a commercial building and its contents—such as inventory, computers, telephone systems, documents, furniture, HVAC systems, machinery, and equipment—as well as exterior features such as signs, fences, gates, lighting, and landscaping—from damage caused by fire, burst pipes, storms, theft, and vandalism.

Damage caused by earthquakes and floods is generally not covered by a commercial property insurance policy unless coverage for those natural disasters is added to the policy.

In Florida, commercial property insurance is designed to cover businesses for losses related to their physical assets. This includes the building itself, as well as contents like inventory, office equipment, and other property used in the business. Standard policies typically cover a range of perils such as fire, water damage from burst pipes, storms (excluding hurricanes), theft, and vandalism. However, it's important to note that in Florida, coverage for hurricane damage often requires a separate policy or endorsement due to the high risk of hurricanes in the state. Additionally, standard commercial property insurance policies do not cover earthquake or flood damage; these types of coverage must be purchased separately. Business owners in Florida should carefully review their policies and consider additional coverage based on their location and the specific risks their business may face.

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commercial property insurance

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