Florida strip mall & retail plaza insurance,
from a former shopping center manager.
Strip mall and retail plaza insurance is our deepest specialty. Dennis Hendrickson’s background in shopping center management means we understand strip centers from the owner’s side. Tenant mix, lease requirements, common area maintenance, business interruption from lost rents. We write strip mall coverage throughout Florida, with concentration across Sarasota, Bradenton, Tampa, St. Petersburg, Clearwater, Venice, and Lakewood Ranch.
A Florida strip center insurance program has many parts.
Building coverage with appropriate replacement cost limits, named storm coverage with Florida wind deductibles, all-risk or named-peril coverage forms. Tenant improvements and betterments structured to match lease responsibility.
Premises liability for the common areas, parking lot, and exterior. $1M/$2M minimum limits typical, higher for larger centers. Coordinated with tenant insurance requirements in lease language.
Lost rental income coverage if the strip center has to close due to a covered loss. Typically 12 months of rent replacement plus extra expense. Critical for owners depending on rent collection.
All Florida strip centers need flood. NFIP commercial primary + Lloyd’s excess flood to reach full replacement cost. More on commercial flood →
Florida wind/hurricane coverage with appropriate AOP and wind deductibles. Increasingly difficult to place admitted; E&S sometimes required for coastal strip centers.
Commercial umbrella sitting above property, GL, and auto. $5M to $25M+ excess limits common for strip center portfolios. Critical for owners with multiple properties.
From an agent who’s managed shopping centers.
Dennis Hendrickson’s background in shopping center management directly informs how we structure strip mall insurance. We understand tenant mix concerns, lease insurance requirements, common area maintenance liability, anchor tenant negotiations, and the business interruption realities most agents miss because they’ve never actually run a center.
You may also need.
Broader commercial property category for office, warehouse, and mixed-use buildings.
02 / Related CoverageAll Florida strip center sites need commercial flood evaluation.
03 / Related CoverageExcess liability above strip center GL is essential for owners with meaningful assets.
04 / Related CoveragePremises liability for strip centers is on the GL form.
Call 941-952-7991 or schedule online. Have your rent roll, current dec page, and loss runs ready.