877-893-7629 [email protected]
Commercial property policy usually covers damages to the contractor’s buildings, offices, and office equipment. Find affordable Insurance coverage in Orlando, FL

Commercial Property Insurance in Orlando, FL

Protect your physical assets with PBIB’s customised coverage. At PBIB, we can save you hundreds with our tailored deals!

Commercial Property Insurance

A commercial property policy is purchased to cover damage to contractor’s own buildings, office contents, and most other personal property that it owns. A commercial property policy can also cover loss of income or increase in expenses that result from insured damage.

You might think that you only need property insurance if you already own the building, but regardless if you lease or rent a space you need business property insurance to cover what’s inside the building. Property insurance also covers any upgrades or improvements that you make in your workspace, such as custom desks or lighting.

Commercial property insurance can cost as little as $20 monthly depending on your individual situation and setup such as the type of work you do, amount of employees, the state you work in, claims history, how high your coverage limits are and your work experience. Before getting a quote it is helpful to know how much your property is worth and the value of your inventory and equipment. This information helps your broker figure out what the replacement costs will be and adjust your coverage so you don’t overspend on insurance.

Property Insurance Coverages

  • The building that houses your business, whether owned or rented.
  • All office equipment, whether items are owned or leased.
  • Fundamental company documents.
  • Inventory kept in the premises.
  • Fence and landscaping.
  • Signs and satellite dishes.
  • Business Income Coverage.
  • Employee Dishonesty.
  • Crime.
  • Equipment Breakdown.
Property Miniatures

Protecting your business means defending yourself against the fiscal risk of lawsuits and claims. For many businesses, one single lawsuit could be financially disastrous. Commercial property insurance protects your business assets and keeps your business running.

What does a Commercial Property Insurance Policy cover?

What is covered?

  • Buildings and structures identified in the declarations.
    • Completed additions.
    • Fixtures (indoors and outdoors).
    • Permanently installed machinery and equipment.
    • Owned personal property used to service and maintain the building and premises.
    • Additions under construction, alterations, and repairs to the building or structure, if not covered by other insurance.
    • Materials, equipment, supplies, and temporary structures within 100 feet of the premises that are used in making the additions, alterations, or repairs.
  • Business personal property located on or in the premises or in the open or a vehicle within 100 feet of the described premises, as follows:
    • Furniture and fixtures.
    • Machinery and equipment.
    • Stock.
    • All other personal property owned by the insured and used in the business.
    • Labor, materials, or services furnished or arranged by the insured on personal property of others.
    • Improvements and betterments made by the insured as a tenant.
    • Leased personal property that the insured is contractually obligated to insure (unless provided for under Personal Property of Others, below).

Optional Coverages:

  • Personal property of others.
  • Commercial crime policies are designed to insure against certain types of losses that are not covered by a standard commercial property policy. They can provide any of the following coverages:
    • Employee dishonesty coverage.
    • Forgery or alteration coverage.
    • Money and securities coverage.
    • Money orders and counterfeit paper currency coverage.
    • Coverage on property other than money and securities.
    • Computer fraud coverage.
    • Kidnap, ransom, or extortion coverage.

What has Limited or no Coverage?

  • Detached signs, antennas, fences, and other outdoor property.
  • Trees, shrubs, and plants.
  • Animals.
  • Fragile articles, such as statuary, porcelains, and china.
  • Jewelry, watches, precious stones, precious metals, and furs.

Optional Coverages:

  • Personal property of others.
  • Commercial crime policies are designed to insure against certain types of losses that are not covered by a standard commercial property policy. They can provide any of the following coverages:
    • Employee dishonesty coverage.
    • Forgery or alteration coverage.
    • Money and securities coverage.
    • Money orders and counterfeit paper currency coverage.
    • Coverage on property other than money and securities.
    • Computer fraud coverage.
    • Kidnap, ransom, or extortion coverage.
  • Equipment breakdown policies are designed to insure against loss due to the breakdown of equipment. of heating.
    • Heating, boilers, air conditioning systems, refrigeration, and other non-mobile equipment.
    • Electronic data.

The Best Commercial Property Insurance to get you on the job safely in Orlando, FL

If you're running a contracting service, you most likely currently know how easily things can go wrong. From broken equipment to injured employees, and everything in between, building and construction is a hazardous industry where accidents happen every day. Being so, there are few things more vital to your contracting company than insurance that will cover you totally when hard times fall. So if you're trying to find the best possible license bond in Orlando, FL, you’ve arrived - put your company in the capable hands of Pascal Burke Insurance Brokerage today!

Where Contractors Go to Get Insured!

We are specialist in an array of policies that cover not only general cases but specialty contractors. Check out how we can help you below.

Why us

Many contracting insurance brokers have business diplomas and briefcases - they might understand the stats, however they don't have the facts. When you select Pascal Burke Insurance Brokerage, Inc., you're drawing from decades of experience in the building and construction industry. Having been in the field ourselves, we know your insurance needs like the back of our hands - hands that are still calloused from the work you do everyday. Some things just can't be taught - they must be lived. So, if you want insurance coverage brokers who'll treat your company as they would their own, we're the ones for you. Let's build something.

About us

In 1974, our founder and president Pascal Burke began his career in construction as an architect’s apprentice, but his heart was in building so he joined a large concrete company, building parking structures and sports stadiums, After a few years he began his own construction company specializing in parking structures until 2005, he then joined the board of directors of an insurance company that specialized in contractors general liability. After 4 years, he began Pascal Burke Insurance Brokerage, Inc. Since this beginning we have specialized in contractors’ insurance and are licensed in over 40 states. We truly know contractors from the ground up!

Orlando is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures released in July 2017, making it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida behind Miami and Tampa. Orlando had a population of 307,573 in the 2020 census, making it the 67th-largest city in the United States, the fourth-largest city in Florida, and the state's largest inland city.

Wikipedia