For real estate in Orlando FL, commercial property liability insurance carries certain coverage that isn’t necessary in other parts of the country. On the other hand, these policies also offer many types of risk mitigation that you might be familiar with if you own property in other states. Here’s an overview of the types of coverage you should expect from a commercial liability policy, or a business owner’s policy including commercial property and general liability insurance.
Most everyone knows that hurricanes and wind cause a lot of damage in Florida. That means you need cleanup coverage as well as covering any direct losses due to storm damage. In Orlando FL, commercial property liability premiums are partly determined by how far you are from the coast and the storm statistics associated with your geographical location.
General liability is also usually covered in these policies. That means that injuries or damages caused on the property that cause a loss can be covered under certain conditions by the insurance company. It’s a good idea to have an agent work with you to determine the true value of not only your property, but any critical equipment as well. While you’re working out your policy, ask about which other types of insurance you might need to augment your commercial general liability, such as flood coverage. It’s often cheaper to bundle policies through one agency than it is to shop around.