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Reference · Florida

Florida Department of Financial Services - Commercial Property Insurance Overview (building and business personal property, business income, causes of loss, equipment breakdown, BOP, inland marine, claims)

Publisher
Florida Department of Financial Services, Division of Consumer...
Edition
undated page
Last checked
2026-09-29
Status
Publication of the Florida Department of Financial Services, Division of Consumer Services
Edition and licensing notes

Publisher. Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com)

Edition. undated page; retrieved 2026-09-29

Status. Publication of the Florida Department of Financial Services, Division of Consumer Services.

Read the official textPractice questions from this source

What this document is

Florida Department of Financial Services - Commercial Property Insurance Overview (building and business personal property, business income, causes of loss, equipment breakdown, BOP, inland marine, claims) is a reference published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com). It is one of the Florida documents that insurance license exam questions are written from, including florida property & casualty, florida claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Fla. DFS, Commercial Property Insurance Overview (Business Owners Policies)
    “employment practices liability (covering liability arising from employment related issues like discrimination, wrongful termination and harassment)”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, Endorsements: Coverage for Unattached Signs
    “Most commercial property policies do not cover or provide limited coverage for signs not attached to the insured structure. Coverage may be added by endorsement or may be purchased on a separate Inland Marine insurance contract.”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, The Policy: The Commercial Property Declarations
    “It contains the following information that specifically pertains to the property insured: A description of the property insured The kinds and amounts of coverage provided and the covered causes of loss (Basic, Broad, or Special) A list of mortgagees and lienholders, if any The deductible amount A...”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, Insurance Markets
    “Another major difference is Surplus Lines insurers do not participate in the Florida Insurance Guaranty Fund. This means if a Surplus Lines insurer becomes insolvent, the policyholder is not protected under the fund.”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, Endorsements: Ordinance or Law Coverage
    “An endorsement that generally covers three types of losses resulting from the enforcement of building ordinances or laws: (1) the rebuild cost of the undamaged portion of a building that must be demolished, (2) the cost to demolish the building’s undamaged portion, and (3) the increased cost to rebuild the property.”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, Business Income and Extra Expense Coverage: Other Optional Coverages
    “This covers loss of income resulting from physical damage to property not owned by the insured.”
  • Florida Department of Financial Services, Commercial Property Insurance Overview, The Policy: Commercial Property Conditions
    “The Conditions are typically printed as a separate form and apply to all coverage forms included in a commercial property coverage part, unless a coverage form contains a condition to the contrary. The Commercial Property Conditions are not required to be restated in each coverage form.”

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Questions about this source

Florida Department of Financial Services - Commercial Property Insurance Overview (building and business personal property, business income, causes of loss, equipment breakdown, BOP, inland marine, claims) is a reference published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com). Edition: undated page; retrieved 2026-09-29.

No. This page summarizes the document and links to the official version. Always rely on the text published by Florida Department of Financial Services, Division of Consumer Services (www.myfloridacfo.com) for the current law.

Practice questions for Florida Property & Casualty, Florida Claims Adjuster cite this document.

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