What is Commercial Property in Florida?
Commercial property insurance covers your Florida business property and equipment in case of damage or destruction. Specifics of what's covered and for which particular perils vary across individual policies and individual insurers. Whether you own a freestanding commercial building, lease an office or even work from home, business property insurance is important in protecting your building and your business's physical assets.
How Much Does Florida Commercial Property Insurance Cost?
Like any other insurance policy, premiums for a commercial property insurance policy will be determined by the coverages you choose, the dollar amounts you select to cover those assets, and the deductible (out-of-pocket) amounts you choose. WhitCo Insurance understands that your business is unique and constantly changing. We can tailor our commercial building insurance policy to fit your needs.
What Does Commercial Property Insurance Cover?
Commercial property insurance in Tampa Bay, Hillsborough, Pinellas, Pasco, and all of Florida covers your building and all the property you use in running your business. Commercial property insurance is one of the most important investments ensuring the future of your Florida business.
Some of the features your business commercial property insurance can help protect are:
Commercial property coverage protects your business assets against these specific perils:
What Isn’t Covered by Commercial Property Insurance?
Commercial property insurance won't cover accidents that occur on your property to workers or customers. The general liability portion of your policy covers those events. Unfortunately, there are also many other ways for a business to be harmed and require insurance coverage beyond damages from those named above.
Not to worry! While your business faces many other potential perils, at WhitCo Insurance, we offer a complete line of other business coverages to protect you from a whole host of contingencies. From insuring your signage to protecting your inventory, we write policies that protect against almost any eventuality.
What Commercial Property Coverages Does Your Business Need?
Do you know what types of coverages you need for your business property and in what amounts? If not, or if you've got only a rough idea, don't worry. At WhitCo Insurance, we work with numerous businesses, from small to large. We’re experts in helping you assess your coverage needs and in obtaining the right coverages in the right amounts to protect your assets.
Before you set up a meeting with us, it helps to take inventory of your business. You’ll need to determine what property you want to insure, what its replacement value would be, and if it’s worth insuring. If you are having issues deciding what to include, we can help you determine what is best for your business.
The property you might insure could include:
- The building that houses your business (If you lease or rent your space and are contractually obligated to insure the building you occupy, there's coverage for you, too.)
- All office equipment, including computers, phone systems, and furniture, regardless if owned or leased
- Accounting records and important company documents
- Manufacturing or processing equipment
- Inventory kept in stock