Commercial Property Insurance
Commercial Property Insurance Information
Florida Commercial Property Insurance
As a full-service, independent agency, Laurenza Insurance strives to offer only the best in personalized insurance services to all central Florida residents. If you’re a resident of Casselberry, greater Seminole County or the surrounding region, then we’re here to make your search for quality benefits simple, efficient and affordable.
One of your core commercial insurance benefits is property insurance, and you must integrate your plan into your overall business insurance portfolio in ways that will provide you with optimized protection. It will be there to help you replace crucial physical assets in the event of challenging losses, after all.
Call us at (407) 261-2363 or request your free commercial property insurance quote now!
Common Commercial Property Insurance Questions
Who needs commercial property insurance?
There isn’t a business that doesn’t have to own property in order to function. After all, you might need everything from a smartphone to complicated systems and machinery in order to create your products.
If there is a failure in the supply chain components, then you are likely to face financial setbacks. Plus, you are also going to face recovery costs sustained simply because the property was damaged. Still, by having commercial property insurance in place, you will be able to build a strong and reliable support system should you ever experience unexpected property damage.
What does commercial property insurance cover?
Property belonging to your business that is insurable under commercial property insurance includes:
Stock & inventory
Certain personal property brought to the business location
Important documents and files
Please Note: Your policy will only cover damage related to unexpected hazards like fires, theft, vandalism, severe weather or similar occurrences. However, accidental losses, intentional damage or normal wear & tear to property are not covered. You must do your due diligence to maintain and protect property assets as best you can.
How much commercial property insurance do I need?
You must choose commercial property insurance limits, deductibles and other terms to your advantage. Your agent will guide you through the process, and they can often recommend that you enroll in more expansive benefits like:
• Scheduled Commercial Property Insurance:
You will insure different pieces of property under separate policy limits.
• Inland Marine Insurance:
Covers items when transporting company property or third-party property away from your main location (such as to a work site).
• Bailee’s Customer Coverage:
When a customer leaves their belongings in your care, they could be damaged in a covered peril. This coverage will pay for the losses.
• Business Income Coverage:
When your property sustains damage, you could face a halt in operations or loss of income as a result. This benefit can help you recover the lost money.
Small business owners should consider bundling their commercial property insurance into a business owners policy (BOP), which provides essential commercial benefits in one place and at one price.
How much does commercial property insurance cost?
Never hesitate to reach out to us if you have concerns about the cost of your property coverage. Though various factors will affect the ultimate cost of your commercial property insurance premium, our agents are committed to helping you finding the most cost-effective solution for your budgetary needs.