What a Commercial Insurance Broker Does
A commercial insurance broker places the insurance policies required for commercial real estate ownership and development — property insurance (all-risk or named-peril), general liability, builder's risk for construction, umbrella, and flood. In Florida, placing insurance has become increasingly complex due to hurricane exposure and rising costs, especially in coastal markets.
Key Responsibilities
- Shop commercial property insurance markets
- Place general liability and umbrella coverage
- Place builder's risk policies for construction
- Advise on flood and wind coverage in Florida
- Review certificates of insurance from tenants
- Manage claims when losses occur
When You Need One
Before closing on any acquisition (required by lenders and closing). Builder's risk is required before construction starts.
How MaxLife Works With Them
MaxLife Development works with commercial insurance brokers experienced in Florida's challenging market — particularly on wind/flood coverage for coastal and Central Florida assets.