Commercial umbrella insurance helps prepare your business for the worst.

Commercial property insurance covers a business’s physical assets — the building (if owned), business personal property, inventory, equipment, and fixtures — against covered perils including fire, windstorm, lightning, theft, and vandalism.

⚠️ Florida commercial property policies do not cover flood damage (separate commercial flood policy required) and carry a hurricane deductible expressed as a percentage of the insured building value. For a $2 million building at 2%, that’s a $40,000 deductible before insurance responds.

A Business Owner’s Policy (BOP) bundles commercial property and general liability into a single, simplified policy for small to mid-size businesses. A standalone commercial property policy provides property coverage alone, with more flexibility in limits, perils, and endorsements.

BOP advantages: Simpler packaging, typically lower cost for qualifying businesses.

BOP limitations: Eligibility restrictions, lower built-in limits, less flexibility. Many Florida commercial risks — coastal properties, larger buildings, older construction — are better served by standalone policies placed through the E&S market.

Business interruption insurance (also called business income coverage) pays for lost revenue and ongoing fixed expenses — rent, payroll, loan payments, utilities — when a covered physical loss forces your business to shut down or reduce operations.

For Florida businesses, this coverage is critical. A hurricane, fire, or flooding event can shut a business for weeks or months. Extended period of indemnity coverage can extend payments beyond the physical restoration period to allow time to rebuild the customer base.

 🐴 Ocala / Marion County

Equine businesses and agricultural operations have unique business interruption considerations — seasonal timing matters greatly, and a barn fire during breeding or foaling season can cause losses extending well beyond the physical repair period. 

🌊 Naples / Collier County

Post-Ian, many Collier County businesses were closed for extended periods — not just from direct damage but from employee displacement, supply chain disruption, and loss of customer base. Business interruption coverage was the difference between survival and closure for many businesses.

Yes — Florida commercial property policies cover windstorm damage from hurricanes, but subject to a hurricane deductible expressed as a percentage of the insured building value. 

⚠️ Storm surge flooding from a hurricane is NOT covered under a commercial property policy — a separate commercial flood policy is required. Hurricane Ian’s devastating impacts were primarily from storm surge flooding, not wind, along coastal Southwest Florida. Both coverages are necessary in Florida’s coastal markets.

Ordinance or law coverage pays for the additional cost of rebuilding a structure to current building codes after a covered loss — which standard property policies do not cover. In Florida, where building codes were significantly upgraded after Hurricane Andrew (1992) and again after Hurricane Charley (2004), this coverage is essential for any older commercial building.

If a 1980s commercial building suffers 50% or more damage from a hurricane, Florida law may require the entire building to be brought up to current code. The difference can be hundreds of thousands of dollars. Ordinance or law coverage includes: coverage for the undamaged portion that must be demolished, demolition cost, and increased cost of construction to meet current codes.

Admitted carriers: Licensed by the Florida OIR, follow state-regulated rates and forms, and are backed by FIGA if insolvent.

Surplus lines carriers: Not licensed in Florida but legally authorized to cover risks admitted carriers decline — and are not FIGA-backed.

For Florida commercial property, surplus lines placement is extremely common — coastal properties, older buildings, properties with prior losses, or specialty commercial uses often cannot find coverage in the admitted market. Surplus lines carriers like Lloyd’s of London syndicates and Markel provide coverage that keeps Florida businesses insured when admitted options are unavailable.