Commercial Property Insurance in Arcadia, FL
Commercial property insurance coverage may help mitigate the financial fallout of unexpected damage to company property. At Peace River Insurance, LLC, our agents help you find appropriate coverage to support your company’s growth.
What Is It and What Does It Cover? 
Commercial property insurance may cover business assets like offices, equipment, tools and supplies after damage caused by fires, theft, vandalism and certain natural disasters. It may also cover lost income if a loss event temporarily forces you to shut down operations. While it is not required in Florida, specific contracts, landlords and lenders may require businesses to carry this type of insurance.
An insurer may offer the following types of coverage:
- Actual cash value coverage may cover repairing or replacing a damaged asset based on its current monetary value.
- Replacement cost coverage may cover the repair of a damaged asset using materials of the same quality.
How Much Does It Cost?
The cost of commercial property insurance in Florida may be affected by the following factors:
- Industry
- Size of the business
- Number and value of business assets
- Policy specifics (e.g., deductible amount, coverage limits, etc.)
Here are a few ways you can save on your premiums:
- Increase your deductible amount.
- Maintain a detailed inventory of your assets
- Install fire alarms and security systems.
- Bundle multiple policies together.
Get a Policy Today
Contact Peace River Insurance, LLC to explore your business insurance options or request a tailored quote.