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Florida Business Insurance

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Customized business insurance in Florida

Small business owners and self-employed professionals drive Florida’s economy. In addition to being the majority of businesses in the state, small businesses employ more than 3 million Floridians and create about 75% of new jobs.1

One consideration that almost every small business in Florida has in common is business insurance. Business insurance in Florida offers business owners and their employees crucial protection in case of unexpected events, such as:

  • A landscaping company in Ft. Lauderdale injuries a client at a jobsite.
  • An employee of a house painting business in Cocoa Beach falls from a ladder and requires medical care.

NEXT Insurance helps more than 1,300 types of small businesses and self-employed workers easily get the coverage they need at the best price. We only work with small businesses, so we can help you find customized insurance to protect you from risks.

Continue reading to learn more about Florida business insurance or start a free instant quote online to explore customized options for your business.

Business insurance coverage and requirements in Florida

Several factors help determine the type of small business insurance your business needs, including:

  • The industry you’re in
  • Number of employees
  • Exposure to risk. For example, construction companies have more risks than real estate agents.

Small businesses in Florida typically purchase general liabilityprofessional liability (also known as errors and omissions) and commercial auto insurance.

business insurance lp img1
General Liability
General Liability Insurance

We recommend general liability insurance in Florida for almost all businesses. This coverage can help pay for expenses if your business is held responsible for an injury or property damage involving anyone other than an employee.

Clients often require general liability insurance before they sign a contract with your business. Many commercial landlords will also ask that you carry this coverage before they offer you a lease.

Here’s an example of general liability insurance in action:

An Orlando-based janitorial business uses the wrong type of cleaning solution at a client’s office and damages the carpet throughout the building. General liability insurance pays to replace the carpet and could help the company avoid a lawsuit.

Cleaning and construction companies can boost their protection by bundling tools and equipment insurance with general liability coverage. This type of insurance pays to replace lost or damaged gear that is essential to keep your business running.

Commercial Auto
Commercial Auto insurance

Small businesses in Florida with company-owned vehicles need commercial auto insurance to protect against accidents that happen while driving for work. Personal auto insurance generally doesn’t cover damages that happen when you’re on the road for business purposes, even if you’re in your own car.

The cost of commercial auto insurance in Florida depends on factors such as the number and types of vehicles you own, how often you drive for work, employees’ driving records and your coverage’s deductible.

For example, if a real estate agent drives to Miami to host an open house and has a minor fender bender on Interstate 95. Commercial auto insurance pays for damages to the agent’s car and the other driver’s vehicle. If the accident is serious, commercial auto insurance helps cover medical bills and lawsuit costs.

If your business’s employees occasionally drive their own cars or you rent vehicles for work, you’ll want to consider adding a form of commercial auto insurance called hired and non-owned auto coverage.

Errors & Omissions
Professional Liability (E&O) insurance

Even if you’re very careful with your business decisions and advice, a client could accuse you of making a work mistake or missing a deadline that causes financial losses.

This is where professional liability insurance comes into play. Also known as errors and omissions (E&O) insurance, we recommend this coverage for businesses in many industries.

For example, a client accuses a small Pensacola accounting firm of making a tax error that causes thousands of dollars in losses, and the customer files a lawsuit to recoup the damages. E&O coverage helps the accounting firm cover legal costs and attorney bills, even if it is not held liable for damages in court.

Business insurance in Florida costs

Business insurance in Florida costs

Florida insurance costs vary by industry and profession. If you run a business that has more risks, such as a construction company, you’ll typically pay a bit more each month than lower-risk businesses.

Recent NEXT Insurance numbers show that business insurance in Florida costs owners a median of $58 per month across all industries.

Professional service providers in Florida typically have fewer risks than some other industries and pay median monthly premiums of about $45. Construction firms, which could be named in pricey lawsuits over faulty building designs, can expect to spend closer to $60 each month for business insurance.

Start a quote with NEXT Insurance today to compare coverage options in just a few minutes.

business insurance in Florida

How NEXT can help you with business insurance in Florida

We offer an easy way for small business owners and self-employed professionals to get business insurance online. In just a few minutes, you can get a quote, purchase coverage and share your certificate of insurance.

Our team of licensed, U.S.-based advisors is here to help if you have any questions.

More Florida small business and insurance information

Customer reviews

I am so excited
I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
Curzella J.
Easiest insurance purchase – EVER!
I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
Michael W.
Happy small business owner!
I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
Nicole E.

Get customized insurance wherever you do business

Learn more about insurance options in the states where you work.

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* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.