As a business owner in Florida, it’s your responsibility to protect everything you’ve built. One way to do this is by investing in the right insurance coverage for your company. Commercial property insurance can help cover the cost of repair or replacement after an unforeseen event – however, you need to be aware of potential exclusions before filing a claim.

Our insurance dispute lawyers are highly experienced with commercial insurance claims. We understand that when it comes to protecting your Florida business, you need legal representation and advice you can trust. At Herman & Wells, we strive to provide thorough guidance on all aspects of commercial property insurance in order to help our clients avoid disputes before they start. We also have a team of experienced attorneys who are prepared to fight for your rights if an insurance dispute arises.

Whether you’re looking for guidance on obtaining coverage or need an attorney to help resolve a dispute, our team of Florida insurance dispute lawyers is here to assist. Contact Herman & Wells today to learn more about how we can protect your interests in commercial property insurance matters.

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The Cliff Notes: Key Takeaways From This Post

  • 1
    Every commercial business in Florida needs to have adequate property insurance coverage in place to protect their investments and assets.
  • 2
    Some commercial property insurance exclusions include wear and tear, flood damage, or damages caused by acts of war, etc.
  • 3
    Unfortunately, insurance companies can sometimes deny or underpay commercial property insurance claims, leaving business owners without the coverage they were promised.
  • 4
    You have options available for challenging a denied insurance claim.
  • 5
    At Herman & Wells law firm, we can provide you with the legal guidance and representation you need to get the coverage you deserve.

Common Commercial Property Insurance Exclusions In Florida

When looking into purchasing commercial property insurance in Florida, you’ll want to be aware of common exclusions. While the coverage can help protect your business from losses due to certain risks, some things may not be included. Common exclusions include:

Natural Disasters And Weather-Related Events

Many commercial property insurance policies in Florida do not cover the costs associated with natural disasters, such as floods and earthquakes.

Acts Of Terrorism And War

Damage or destruction due to a terrorist act is generally not included under commercial property insurance policies in Florida. Damage resulting from criminal acts, such as arson, vandalism, and theft, may also be excluded from coverage.

Negligence And Intentional Acts

If you or your employees act negligently, causing damage to the property, it’s unlikely that your insurance policy will cover the costs of repair. Additionally, any intentional acts, such as deliberately damaging another person’s property, are excluded from coverage under commercial property insurance policies in Florida.

Cybersecurity Breaches And Data Loss

In today’s digital age, data loss as a result of cyber attacks is an increasing threat. Unfortunately, most commercial property insurance policies in Florida don’t cover the costs associated with restoring or replacing lost data.

Pollution And Environmental Damage

Pollution from any source and associated environmental damage are generally excluded from commercial property insurance policies in Florida. This includes damage caused by hazardous materials or chemicals that have been released on the property, as well as disposal costs for contaminated materials.

Wear And Tear And General Maintenance Issues

Damage caused by normal wear and tear, as well as any damage that results from lack of maintenance, are typically excluded from coverage.

If you have questions about what is and isn’t covered under your insurance policy or if you find yourself in an insurance dispute with your insurer, it’s important to consult with a commercial insurance dispute attorney.