Commercial Property Insurance
Your commercial property is one of your most valuable assets. Whether you own an office building, retail space, or industrial property, securing comprehensive insurance coverage ensures your business can recover quickly from unexpected damage or loss.
Preparing Your Business for the Worst
Owning commercial property means planning for the unexpected. From fire and vandalism to hurricanes and wind damage, business owners must be prepared for risks that can impact their physical assets. At Pelican Shield Insurance Group, we specialize in customized commercial property insurance solutions designed to meet the unique challenges of businesses in Florida and Virginia.
With rising repair costs, unpredictable weather events, and evolving building codes, having the right coverage isn’t just smart—it’s essential. Let us help you secure your property, minimize financial risk, and keep your business running smoothly.
Why Commercial Property Insurance is Essential
From natural disasters to everyday risks, your business property is always at risk. Commercial property insurance ensures you can recover quickly from damage and avoid costly interruptions.
- Protect Your Investment: Whether you own or lease your space, protecting the building structure, equipment, and assets prevents devastating losses.
- Prepare for Natural Disasters: Florida and Virginia businesses face hurricanes, windstorms, and flooding, making comprehensive coverage a must.
- Minimize Financial Risk: Without property insurance, repairs and replacements can drain your business savings or force unexpected closures.
What Does Commercial Property Insurance Cover?
A strong commercial property insurance policy includes essential protections for your business’s physical assets and financial stability.
- Building Structures: Covers damage to owned buildings caused by fire, storms, vandalism, or covered disasters.
- Contents & Equipment: Protects furniture, inventory, computers, and essential tools from loss or theft.
- Business Income (Interruption Insurance): Replaces lost revenue if a covered disaster forces your business to temporarily close.
- Windstorm & Hurricane Protection: Helps businesses in high-risk areas secure coverage for storm damage, wind-related destruction, and property loss.
- Debris Removal & Code Compliance: Covers the cost of clearing debris and making repairs that meet updated building regulations.
- Tenant Improvements & Betterments: If you lease your commercial space, this covers upgrades, improvements, or renovations you’ve made.
Commercial Property Insurance FAQs
Yes, but wind and hurricane coverage may be excluded from standard policies in high-risk areas. In Florida, many insurers require separate wind policies or higher deductibles for named storms. We can help you secure windstorm insurance or deductible buyback options to ensure you’re fully covered.
Business interruption insurance covers lost income if a covered disaster temporarily forces your business to close. If your property is damaged by fire, storms, or another covered event, this policy helps pay for lost revenue, rent, payroll, and ongoing expenses until you can reopen.
Your premium depends on location, building age, construction type, roof condition, and security measures. Businesses near the coast, in flood zones, or in high-crime areas may face higher costs, but upgrades like reinforced roofing and security systems can lower your rate.
Yes! Even if you don’t own the building, you’re responsible for business assets, tenant improvements, and liability inside your leased space. Many commercial leases require tenants to carry property insurance to protect against unexpected damages.
Installing storm-resistant roofing, updating electrical and plumbing systems, adding security cameras, and implementing fire prevention measures can help lower insurance costs. We also review policies to find coverage discounts and smarter risk management strategies for your business.
