Florida Business Concerns and Commercial Property Insurance

Most insurance providers offer business commercial property insurance that can protect your operations in Florida for everything from a minor liability claim to something that could result in a major financial loss. Whether you own your own building, or lease your office space, business property insurance is the sure way to protect the assets of your business.

Disasters happen, and they’re not something that you often see coming. We take for granted that we’ll leave our office on a Monday night and when we arrive Tuesday morning everything will be just as we left it. But a hurricane could literally rip the building off of its foundation, or a fire breaking out in the office or warehouse could cause serious damage, including to the valuable contents within, or something as simple as a water pipe bursting could ruin computers, destroy important financial documents, and ruin furniture and other things necessary for ongoing daily operations. These are all valid reasons why you need to insure against any and all possible scenarios.

Why put your small business at risk?

Small business property insurance is one of the most important investments to help ensure the future productivity of your company. There are some important aspects of your business that commercial property insurance helps to protect, including your building, furniture and business equipment, any inventory or material goods, outdoor signage, and fences and exterior landscaping, along with any property belonging to others that is in your care.

There are a few different policies that will help to cover many of your concerns. As a small business owner (or one in a niche market), your company may be an ideal fit for a business owner’s policy (BOP). This is where the insurer bundles your commercial property and general liability coverages into one policy. This offers both convenience and discount rates. A commercial package policy (CPP) may be a more ideal fit for mid-size to larger firms, depending upon your risk profile.

Finally, It’s important to note that certain exposures are not typically covered under a commercial property insurance policy and need to be addressed separately, such as flood insurance, which in areas of Florida makes perfect sense to purchase as well.

Footage of a tornado shredding an office building: