Commercial Property Insurance in Delray Beach, FL & Port St. Lucie, FL
Unexpected events such as accidental fire or a break-in can disrupt your business in an instant. Having adequate commercial property insurance can help your business recover quickly after a covered loss, minimizing downtime and financial strain.
What Is Commercial Property Insurance? 
Commercial property insurance is designed to help businesses manage the financial impact of events such as fire, storms, theft or vandalism. This coverage can apply to a wide range of physical assets, including the following:
- Buildings and structures owned or leased by your business
- Office furniture, computers and electronics
- Inventory and stock
- Equipment and machinery
- Outdoor signage and landscaping
Do I Need This Type of Policy?
While commercial property insurance is not legally mandated in Florida for all businesses, it may be required under certain circumstances. For example, if you lease or finance your business property, your landlord or lender may look for this type of insurance as part of your agreement. Even when not required, having this coverage is highly recommended, as unforeseen incidents can be financially devastating.
How Much Does Commercial Property Insurance Cost?
The cost of commercial property insurance may depend on several factors unique to your business and location. They may include the following:
- Location—Properties in coastal areas or regions prone to hurricanes and flooding often face higher premiums due to increased risk.
- Type of business—The nature of your operations, the value of your equipment and the type of inventory you store all play a role in determining your rate.
- Building characteristics—Age, construction materials and security features can impact your costs.
- Coverage limits and deductibles—Higher coverage limits and lower deductibles often mean higher premiums and greater financial protection.
- Claims history—Businesses with a history of frequent claims may pay more for coverage.
Secure Coverage Today
Our team at Palm Tree Insurance Agency is available to discuss your coverage options and help you find a suitable policy for your business. Contact us today to learn more and get a personalized quote.