Florida Commercial Property Insurance Information
We have the experience to analyze and recommend the correct Florida property insurance coverages for your small
or mid-size Florida business. Our strong relationships with property insurers results in direct cost savings for our
Commercial Property Insurance Policy Types
Multiple location commercial property insurance has additional nuisances that your insurance agent can explain in
detail, so that your business can be correctly covered at the best price. A company with a factory and administrative
offices that are separated could require multiple policies.
There are three types of commercial property insurance policies in Florida. The policies protect against different risks
and include fires, windstorms, lightning storms, or damage caused by vehicles and civil unrest.
1. Basic form policies usually cover common risks. (listed above)
2. Broad form policies usually cover the common risks and water damage, structural collapse, sprinkler leakage, and
damage caused by weight of snow, sleet, and ice.
3. Special form policies cover all types of risks except those the commercial insurance policy specifically lists as
excluding. Common insurance exclusions include damages from war, nuclear disaster, terrorism, flood, earth
movement, wear and tear, and insect infestation.
Five Important Commercial Property Insurance Rating Factors
Fire risk is usually the largest factor that will determine your commercial property insurance rates. State-licensed
fire inspectors will perform inspections as part of the underwriting process and use a standard rating system that
focuses on five important factors to determine a buildings fire rating.
Buildings made of potentially combustible materials will have higher premiums, while those made of fire-resistant
materials could earn a discount. You should speak with an insurance agent before remodeling because Additions
to an existing structure could negatively affect a fire rating.
The use of wood partitions, floors, and stairways in an otherwise fire-resistant building will likely nullify any rate
reduction gained by exterior fire-resistant construction.
Location & Exposure
Buildings in cities or towns with good fire protection typically cost less to insure than buildings outside a city where
fire protection may be limited. Nearby hazards increase a buildings fire risk. Proximity to external fire hazards, such
as a lumberyard or oil storage tank affects a fire rating significantly.
An office building typically rates better than a restaurant or auto repair shop because less risk is expected. In a
building with multiple tenants, one hazardous occupant will negatively affect the fire rating of the entire building. If
your business is in a building with a more hazardous business, your premiums will be higher. It pays to know who
else is in your building and what products they produce.
Fire Protection Measures
Automatic sprinklers can reduce a building's fire rating by as much as 50%. Buildings with fire extinguishers and
automatic alarms and those within 500 feet of a standard fire hydrant will usually have lower ratings.
Reduce Your Commercial Property Insurance Costs With Safety
Do your best to minimize possible hazards at your business by eliminating anything that could increase the likelihood of an
insurance claim. Consider a thorough bottom to top safety review by an outside source. The money spent could reduce your
insurance premium and prevent an accident from waiting to happen, to not happening at all. Improving employee safety, security,
and inventory management might reduce the amount you pay for Florida commercial property insurance and other types of
coverage, such as workers compensation and general liability insurance.
Typical Commercial Property Coverages Include
A building occupied by the insured coverage insures a building that you regularly use but don't own. This coverage can be
important if you lease or borrow a building.
Newly acquired or constructed buildings coverage insures a new building if you add it to your insurance policy within a certain
time period. If you don't tell your insurance company within that time period, typically 30 days, your policy won't cover the new
building. Florida commercial property insurance policies usually only cover buildings included in the insurance policy.
Typically purchased as an endorsement if you need more than a limited amount, employees' personal property coverage
insures your employees' personal property if their property is on your premises.
Off-premises property coverage insures your property located off site and may not always be available for purchase as an
endorsement. Some insurance policies may provide only limited coverage.
Business interruption coverage pays for the income you'd lose if your business is damaged and you can't perform your normal
Extra expense coverage pays any additional costs to return your business to normal after it's damaged.
Valuable papers coverage provides limited coverage for your business records and other valuable papers. You may be able
to buy an endorsement to increase the amount of this coverage.
Ordinance or law coverage pays additional costs to repair or rebuild a facility to current building codes after it's damaged.
Many policies provide limited ordinance coverage, but you can increase the amount with an endorsement.
Boiler and machinery coverage insures compressors, steam cookers, electric water heaters, boilers, air conditioning units,
and similar machinery. Coverage is usually only for machinery listed in the insurance policy and to any subsequent losses,
such as when a boiler explosion or water heater leak causes damage to other property. Typically this coverage is purchased
as an endorsement or a separate insurance policy.
Inland marine coverage insures goods in transit by land, air, or inland waterways. It also covers projects under construction
and transportation and communication structures, such as bridges, tunnels, and communication towers.
Click on the link below to fill out a secure quote request form for a Florida commercial property insurance plan that
regardless of whether you're a large employer or a small business, will provide exceptional property insurance coverage
for your business at an affordable cost. Or you can speak with our Florida Commercial Property Insurance specialist at
(352) 686-0612 or (727) 863-5641 to discuss the insurance policy features in more detail.
We are a Florida based insurance agency offering comprehensive Florida commercial property insurance plan services to
small, mid-sized and large businesses located in the following cities and counties: Spring Hill, Hudson, New Port Richey,
Holiday, Brooksville, Aripeka, Bayonet Point, Port Richey, Gulf Harbors, Elfers, Anclote, Tarpon Springs, Palm Harbor, Land O'
Lakes, Masaryktown, Garden Grove Estates, Spring Lake, Weeki Wachee, Bayport, Brooksville, Istachatta, Pineola, Nobleton,
Bushnell, Sumterville, Center Hill, Webster, Linden, Mascotte, Tarrytown, Ridge Manor, Catherine, Trilby, Lacoochee, Dade City,
Blanton, San Antonio, St. Leo, Zephyrhills, Crystal Springs, Wesley Chapel, Pasco, Darby, Odessa, Richland, Lumberton,
Homosassa Springs, Hernando County, Pinellas County, Citrus County, Hillsborough County, and Pasco County, FL. We can also
offer our Florida commercial property insurance coverage services to businesses throughout the sunshine state, including Winter
Haven, Lakeland, Miami, Orlando, Tampa, St. Petersburg, Tallahassee, Ft. Lauderdale, and Jacksonville, FL.
Different types of Florida commercial property insurance policies protect against different risks or perils and we can tailor
affordable insurance coverage to fit your businesses needs. We offer professional property insurance service plans to
owners of shopping centers, apartment buildings, strip malls, manufacturers, wholesalers, retail businesses, service
companies, builders, commercial real estate, and many other businesses throughout Florida.
Business assets have one thing in common...they all need protection. Protect your valuable physical assets with quality
Florida commercial property insurance from leading insurance companies.
**The information, pictures, and other content in this website about particular insurance services is only provided for informational
purposes. Any decisions regarding your insurance needs should be discussed with a licensed insurance agent.
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Serving Pasco & Hernando Counties Since 1975
(352) 519-4202 fax
11007-11009 Spring Hill Dr.
Spring Hill, Florida 34608
Hernando County FL
In Pasco County Florida
Hudson (727) 863-5641
also New Port Richey
(727) 862-3287 and
Holiday (727) 863-5642
Fax: (727) 233-1718