Florida Commercial Property Insurance quote and information.

1. What is commercial property insurance?
2. What about building coverage?
3. How about inventory and other business property?
4. What is not covered?
5. What causes of loss are covered?
6. Which industries often carry commercial property insurance?

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What is commercial property insurance?

The typical insurance for business property policy will pay direct physical damage to covered property. However, the loss must occur on the premises listed in the policy and result from a covered cause of loss.

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What about building coverage?

The commercial property insurance in Florida will cover more than just the single building. When a limit of insurance is included many other things are treated and covered as the building. Completed additions, fixtures, permanently installed machinery and equipment. Property owned and used to service or maintain the building is also covered.

How about inventory and other business property?

Florida commercial property insurance treats business personal property as more than just the contents of the building. Other items may be included if inside or outside the building within 100 feet. Machinery equipment, stock, labor materials and leased property you are contractually obligated to insure is often also covered. Business personal property insurance is a must for most industries.

What is not covered?

There are many items which are not covered by a standard commercial property policy. In these cases additional coverage or a different policy is required. Some of these items are listed below and can affect business property insurance cost.

• Accounts, bills, currency, food stamps, evidences of debt, money, notes or securities
• Automobiles held for sale
• Underground pipes, flues or drains
• Electronic data
• Costs to research, replace or restore information on valuable papers or records

What causes of loss are covered?

There are three levels of causes of loss coverage. The most basic covers direct physical loss or damage by fire, explosion, windstorm, hail, smoke or vandalism. Intermediate causes also cover damage resulting from glass breakage, falling object and weight of snow. Special form causes of loss cover all damage not excluded in the policy.

Which industries often carry commercial property insurance?

Industries that commonly carry commercial property insurance include but are not limited to;

• Auto Dealers
• Auto Repair/Mechanics
• Bars and Taverns
• Day Care
• Dental Office
• Gas Stations
• Medical Office
• Ophthalmologist Office
• Pizzerias
• Restaurants