Commercial Insurance - Beachfront Property
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PROPERTY INSURANCE

Florida property insurance pays for losses and damages to real or personal property. For example, a property insurance policy would cover fire damage to your office space. You can purchase additional coverage for your Florida business property, including:

Boiler and Machinery Insurance

Boiler and machinery insurance, sometimes referred to as "equipment breakdown" or "mechanical breakdown coverage," provides coverage for the accidental breakdown of boilers, machinery, and equipment. This type of coverage usually will reimburse you for property damage and business interruption losses. For example, this coverage would cover fire damage to computers.

Debris Removal Insurance

Debris removal insurance covers the cost of removing debris after a fire, flood, windstorm, or other incident. For example, if a fire burns your building to the ground, the remains of the old building need to be removed. However, your property insurance will cover the costs of rebuilding, but not of removing the debris.

Builder's Risk Insurance

Builder's risk insurance covers buildings while they are being constructed. For example, a builder's risk policy would cover losses if a windstorm takes down your partially constructed condominium complex.

Glass Insurance

Glass insurance covers broken store windows and plate glass windows.

Inland Marine Insurance

Inland marine insurance covers property in transit and other people's property on your premises. For example, this insurance would cover fire damage to customers' clothing from a fire at your dry cleaning business.

Business Interruption Insurance

Business interruption insurance covers lost income and expenses resulting from property damage or loss. For example, if a fire forces you to close your doors for two months, this insurance would reimburse you for salaries, taxes, rents, and net profits that would have been earned during the two-month period.

Ordinance or Law Insurance

Ordinance or law insurance covers the costs associated with having to demolish and rebuild to code when your building has been partially destroyed (usually 50 percent). For example, your three-story building is 100 years old and a flood destroys the basement and first two stories. Because more than 50 percent of your building has to be rebuilt, a local ordinance requires that the building be completely demolished and rebuilt according to current building codes. Property insurance covers only the replacement value, not the upgrade.

Tenant's Insurance

Commercial leases often require tenants to carry a certain amount of insurance. A renter's commercial policy covers damages to improvements you make to your rental space and damages to the building caused by the negligence of your employees

Crime Insurance

Crime insurance covers theft, burglary, and robbery of money, securities, stock, and fixtures from employees and outsiders.

Fidelity Bonds

A bond company covers losses because of a bonded employee's theft of business property and money.

LIABILITY INSURANCE

Liability insurance covers injuries that you cause to third parties. If someone sues you for personal injuries or property damage, the cost of defending and resolving the suit would be covered by your liability insurance policy. A general liability policy will cover you for common risks, including customer injuries on your premises. More specialized varieties of liability insurance include:

Errors and Omissions Insurance

Errors and omissions (E & O) insurance covers inadvertent mistakes or failures that cause injury to a third party. The act must actually be an inadvertent error and not merely poor judgment or acts of intention. For example, an E & O policy would cover damages arising from an insurance agent failing to file policy applications or a notary forgetting to fill out notarizations properly.

Malpractice Insurance

Malpractice insurance, or professional liability insurance, pays for losses resulting from injuries to third parties when a professional's conduct falls below the profession's standard of care. For example, if a doctor makes a mistake that other doctors of his specialty would not have made, his patient might sue him. A malpractice policy will pay his defense costs and any judgment or settlement. Malpractice insurance is available for doctors, dentists, accountants, real estate agents, architects, and other professionals.

Automobile Insurance

Commercial automobile policies cover the cars, vans, trucks, and trailers used in your business. The coverage will reimburse you if your vehicles are damaged or stolen or if the driver injures a person or property.

Directors' and Officers' Liability Insurance

This type of insurance is generally purchased by corporations and nonprofit organizations to cover the costs of lawsuits against directors and officers.

WORKERS' COMPENSATION INSURANCE

Workers' compensation insurance covers you for an employee's on-the-job injuries. Businesses with employees are required by various Florida state workers’ compensation laws. to carry some type insurance. In most cases, workers' compensation laws prohibit the employee from bringing a negligence lawsuit against an employer for work-related injuries.

Insurance Company Claims Contact Information
Company (Website links) Phone in Claims Fax / Email
Auto
Bristol West Foremost 800.274.7865
GMAC 800.325.1088
Mercury 800.503.3724
Nationwide (Allied) 800.282.1446
Nationwide McClung
Progressive 800.274.4499
Safe Co 800.332.3226
Travelers 800.Claim33
Homeowners
American Integrity 866.277.9871
ASI 866.274.5677 claims@americanstrategic.com
Bankers 800.765.9700
Capitol Preferred 888.388.2742
Citizens 866.411.2742
Edison 888.683.7971 Opt.2
EPIC 866.709.8749
Federated 800.293.2532 Ext.2 877.724.2886
Florida Penisula 866.549.9672 513.388.3579
Florida Family 866.486.4663
Heritage Insurance 855.415.7120
Homeowners Choice 866.324.3138
Olympus 866.281.2242
Orchid Insurance 866.370.6505 Ext.106
Peoples Trust 877.333.1230
Prepared Insurance 877.313.1824
Royal Palm 800.216.3711
Sawgrass Mutual 877.853.4430
Seacoast Brokers 843.341.1600 843.341.1601
Southern Fidelity 866.722.4995
Southern Oak 866.900.2280 813.689.5461
St. Johns 800.748.2059 800.828.8920
Tower Hill 800.342.3711
United P&C 800.256.3387
Univdersal North America 866.999.0898
Universal Property & Casualty 800.470.0559 954.958.1206
Flood
ASI Flood 866.511.0793 800.580.1983
Wright 800.725.9472 877.270.4329
Travelers 800.238.2265 N/A
Hartford 888.245.7274 N/A
Other
Progressive 877.776.2436 N/A
Zurich 800.987.3373 877.962.2567

Copyright Term Brokers Insurance Services 2014 [License Nos. L048446 and 17077, Jana McDonald License No. E155640 Licensed 220 (property and causality), life, and health license. Christopher McDonald Licensed 220 E160810. Commercial use by others is prohibited by law.]

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