Things to Look for in A Commercial Insurance Policy

Commercial property insurance in Orlando is one of the most important investments you’ll ever make. Being properly insured means ensuring the future of your business. Some of the important aspects of your business that commercial property insurance helps protect are your building and outside signage, your inventory, furniture and equipment, and your fencing and landscape, as well as any property belonging to others.


Many insureds wait until its too late to ask questions about the coverage they purchase. It’s a mistake to wait until after a loss to find out if you’re properly insured. There may be conditions in the policy that don’t provide the limits necessary to help you get back on your feet after an emergency happens.


Important things to consider with your policy options


Here is a list of questions you should ask your agent before signing any contract:

  • How can policy sub-limits limit your overall recovery?
  • What is the dollar equivalent of your CAT deductible?
  • If your business experiences a significant interruption, how long would it take to get all your customers back?
  • How broad is your business interruption coverage?
  • What additional costs might you have to keep the business going following a loss?

If you don’t know the answers to these questions, or you don’t understand the terminology you should have your agent explain it in terms that you understand. It’s quite common for insureds to review their policies in the wake of a loss. But the most important time to review the policy and understand the scope of coverage before a loss happens.


The majority of commercial property insurance plans vary from policy to policy, but they are categorized, for the most part, by events leading to a loss, and by what you are specifically insured for.


Don’t risk losing your business due to being underinsured or uninsured in areas that could be potentially devastating. You need to speak to an agent about commercial property insurance in Orlando to ensure you’re covered for almost any foreseeable or unforeseeable event.

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