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Commercial property insurance Florida


Protect your business properties and their contents against losses such as fire, theft, or other physical destruction.

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What Is Commercial Property Insurance?

Commercial property insurance is a vital coverage for business owners. It helps protect your business and its physical belongings. It can pay your costs for replacement, repair, or restoration if your business property gets damaged or destroyed by theft, fire, or other covered loss.

Also known as business property insurance or commercial real estate insurance, this coverage helps protect your:

  • Building
  • Equipment
  • Tools
  • Inventory
  • Furniture
  • Personal property

What Does Commercial property Insurance Cover?

Commercial property insurance covers more than just your building. It can also help protect valuable business belongings and even your business income. If you can't open because of a covered loss, it can help replace lost income for your company.

Commercial property insurance coverage can help your business if:

  • A fire damages or destroys your computers
  • Lightning strikes the building, causing damage
  • Someone breaks into your property and steals 

We understand every business has unique needs. That’s why we have the experience to customize your commercial property insurance policy. You can obtain more coverage for things like invaluable records and papers, which can help cover costs to:

  • Reproduce important documents
  • Provide temporary storage
  • Move records to avoid a loss

What Doesn’t Commercial Property Insurance Cover?

Commercial property insurance has some coverage exclusions. For example, it usually doesn't pay for property damage caused by natural disasters like earthquakes or hurricanes. 

Be aware that your commercial property insurance policy doesn’t protect every type of property expense. This coverage won’t help if:

  • Your client drops their computer when they trip over a box in your office
  • An employee makes a hole in the wall
  • Have an accident while delivering to a customer and damage their vehicle
  • Flooding damages your belongings
  • You or your employees intentionally damage property

There are other types of commercial coverages available for these types of claims.

Who Needs Commercial property Insurance in Florida?

If you rent, lease, or own commercial property of any type, then you should have commercial property insurance. Although it is not a legal requirement, it is something that you may need to consider. Without it, you’re liable for paying the amount to fix or replace your expensive business property. This can be a significant expense and the out-of-pocket costs can put your business at financial risk.

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What Is the Average Cost of Commercial property Insurance?

The cost varies greatly depending on what type of business you have. Higher-risk businesses with more employees can anticipate paying more for insurance. That’s why looking at an average isn’t always helpful for small business owners that want an estimate of their own costs.  

In a lot of cases, it’s more prudent to plan your insurance costs based on your:

  • Industry type
  • Business operations size
  • Number of employees
  • Coverage needs

Learn How To Reduce Your Risk Exposure

Every business should take steps to reduce risk. This may include factors such as having a business alarm and sprinkler systems in your office or building. Regularly assessing your risk and reviewing your mitigation steps gives you a chance to fix problems and make sure you’re prepared for financial risk.

Risk engineering consultants can help a business:

  • Create a safe work environment
  • Help reduce loss
  • Improve operations

How much commercial property insurance do i need?

The goal is to have enough coverage to put you in the same position you were in before the loss. There are three common alternative methods for assigning coverage limits to your commercial property: Actual cash value, substitute cost, and functional replacement cost. Because each approach is radically different, the one used in your policy will drastically affect how much cash you have to substitute or repair your inventory.  A good insurance agent is essential to help walk you through the options that work best for your specific situation.

My policy has a wind and hail deductible – why is that?

In some parts of the U.S., wind or hail claims account for the vast majority of property claims in both frequency (the number of claims) and severity (the dollar amount per claim). It is not tenable for insurance companies to have low deductibles on these risks, but just because insurance companies require a higher deductible on wind and hail risks doesn't mean they require one on every other kind of claim.

Why are my commercial property insurance rates going up?

There could be a lot of reasons why your insurance rates are going up. It could have something to do with your claims record or specific properties, but there are some factors we see that affect rates across the board. The reality is that most property insurance premiums are going up for a combination of factors: There have been a record number of natural disasters in recent years, and labor, professional services, and construction materials costs continue to rise.

Is theft covered under commercial property insurance?

Theft is usually covered under commercial property insurance. The belongings of your business are included in the insurance.


Since 1986, Gonzalez Insurance Agency has been serving policyholders – protecting businesses, mitigating losses, defending claims. 
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