With so much invested into your property, you don’t want to leave it open to risks by carrying to little coverage. That’s why it’s so important to have the right amount of insurance coverage. If you’re looking for commercial property owners insurance in Orlando, here is a brief description of the primary coverages you’ll need to include in your policy.
Commercial Property Insurance
Property insurance provides coverage for your building and equipment. In case of any damage due to extreme weather, fire or crimes such as vandalism, your policy will cover the cost to repair or replace the covered items. The premium for property insurance will vary given your exact needs but it’s generally based on the following:
- Size of premises
- Location and safety
- Age of building
- Type of equipment
General Liability Insurance
General liability insurance protects your property in case a third party experiences an injury or property damage on your premises. Your policy will cover any attorneys’ fees as well as any settlement or judgment amounts. The premium you pay for your liability coverage will depend on the type of property you own.
There are plenty of options for commercial property owners’ insurance in Orlando. Be sure to work with an experienced agent to get a policy customized to fit your exact needs and avoid any missteps.