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Commercial property insurance in WA & FL

Protect your building, inventory, equipment, and the income you'd lose if disaster shut you down. Compare commercial property coverage — with the wind and flood realities of WA and FL built in.

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Commercial property insurance protects the physical side of your business: the building you own or lease out, your inventory, furniture, machinery, computers, and signage. Just as important, it includes business income coverage — the lost revenue and continuing expenses you face if a covered loss forces you to close temporarily. Maru builds commercial property programs for Washington and Florida businesses that reflect real replacement costs and the specific catastrophe exposures of each state.

Quick take: The coverage people forget is business income / business interruption. Rebuilding a burned store is one thing; surviving three months with no revenue while it's rebuilt is another. We size business-income coverage to how long you'd realistically be down — often the difference between reopening and closing for good.

What commercial property covers

Core commercial property coverages
CoverageWhat it protects
BuildingThe structure you own, including permanent fixtures
Business personal propertyInventory, equipment, furniture, electronics you own
Business income & extra expenseLost profit and costs to keep operating after a covered loss
Tenant improvementsBuild-outs you paid for in a leased space
Equipment breakdownMechanical/electrical failure of critical systems
Signs, outdoor property, glassExterior assets standard policies limit

Replacement cost vs. actual cash value

Whether your policy pays to replace damaged property with new (replacement cost) or pays depreciated value (actual cash value) dramatically changes your recovery. We push for replacement cost on buildings and key equipment wherever it's available, and we make sure your limits reflect today's construction and equipment prices — underinsuring triggers coinsurance penalties that cut your payout even on a partial loss.

Washington and Florida catastrophe exposure

In Florida, commercial property pricing lives and dies on wind: roof age, construction type, and a wind-mitigation inspection drive both cost and whether a carrier will write you at all, and coastal properties carry separate hurricane deductibles. Flood is always excluded — a separate policy is essential near the coast or in low-lying areas. In Washington, earthquake and windstorm are the headline perils, and earthquake coverage is a separate endorsement most base policies omit. As an independent agency, we assemble the full stack — property, wind, flood, quake — so there's no gap when the event actually happens.

Frequently asked questions

Does commercial property insurance cover lost income?
Yes, when you include business income (business interruption) coverage — and you should. It reimburses the profit you lose and the ongoing expenses you still owe while your business is shut down for repairs after a covered loss. We size it to how long recovery would realistically take.
I lease my space — do I still need commercial property coverage?
Usually yes. Your landlord insures the building shell, but your inventory, equipment, furniture, and any build-outs you paid for are yours to protect. A business personal property and tenant-improvements policy covers what the landlord's policy won't.
Is flood or hurricane damage covered?
Wind/hurricane damage is typically covered but often carries a separate deductible in Florida and coastal Washington. Flood is always excluded from commercial property policies and needs a separate flood policy. We build both into your program so coastal and low-lying businesses aren't caught out.
What is a coinsurance penalty?
If you insure your property for less than a required percentage of its true replacement value, insurers apply a coinsurance penalty that reduces even partial-loss payments. Insuring to accurate, current values avoids it — we review your limits so you're not quietly underinsured.
Vadim, licensed insurance advisor at Maru Insurance
Vadim — Maru Insurance
Licensed independent insurance agent · WA & FL
Written and reviewed by a licensed Maru advisor. Maru Insurance is an independent agency (License #22261820) representing multiple A-rated carriers across Washington and Florida.

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Get a free quote Call 360-255-8725