If you’re a business owner in Florida, it’s crucial to protect your business assets with commercial insurance. Many business owners often wonder if they have the right insurance. If your business is in the Panama City Beach, FL area, we recommend a visit to our team at Hall Insurance. We’ve been serving companies like yours since 1998.
Considering Wind Hazard Insurance
In addition to the required types of insurance (such as liability, property, and workers’ compensation insurance), many business owners realize that operating in Florida may necessitate additional lines of insurance coverage. For instance, according to the FDIC, while wind hazard insurance may have been considered optional in the past, changing weather conditions for businesses on Florida’s eastern coast have made wind hazard insurance a necessity. Although rates for wind hazard insurance have been rising due to increased risk, that same risk makes the purchase necessary.
The increase in catastrophic storm conditions in Florida has led to the enactment of a new Florida Building Code in 2000. Business owners must now ensure their buildings are constructed with wind-resistant materials. Despite these measures, it’s important to acknowledge the continued risk of wind damage to your building. Discuss wind hazard insurance with your insurance agent.
Schedule Your Appointment Today
When choosing an insurance agency, you’ll be pleased to know that we are a 3rd-generation family-owned insurance agency. Our team at Hall Insurance understands the unique business needs of commercial clients in the Panama City Beach, FL area. If you already have commercial insurance, we encourage you to come in for a policy review. Contact us today to schedule an appointment, and we will help you choose the right insurance.
