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Best Business Insurance in Florida of 2025

Bryan Keith

What is the point of owning a business if an accident could leave you penniless? You might think that your home insurance will cover you, but it probably won’t. That’s because most homeowners insurance policies do not cover business property. So, we recommend that you find a policy for yourself and your company before something happens. The good news is that there are many different types of business insurance policies to choose from. We’ve evaluated the best business insurance providers based on coverage, financial stability, customer satisfaction, and overall quality. 

Offers a range of insurance poilicies

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Simply Business provides insurance policies for a range of professions and small businesses.

What we like

  • Various business insurance policies
  • Quotes from multiple providers
  • Fast and easy application
  • Strong customer satisfaction

What we don't

  • Policies are a through a third party
  • Claims must be filed through insurance provider

Serving 1,000,000+ Small Business Owners

hartford business insurance logo
4.9

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

For more than 200 years, the Hartford Insurance helped over 1 million businesses just like yours.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • NA

Covers a wide range of industries

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.

What we like

  • A skilled advisor to assist you
  • Free quotes from multiple insurance carriers
  • Covers low risk to even some high risk industries
  • Online account management

What we don't

  • No brick-and-mortar offices
  • Deductible costs

Affordable plans and coverage provided within minutes

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • Not available in New York

Customized solution to fit your business needs

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.

What we like

  • Established insurance company
  • Dual auto insurance
  • Customizable insurance for over 180 industries
  • Deductibles starting at $0
  • Affordable rates

What we don't

  • Limited US offices
  • Coverage limited to $2 million online

Flexible coverage by the year, month, day, or by the job

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.

What we like

  • Scheduled coverage options
  • Coverage by the job available
  • Buy a policy online within minutes
  • No hidden fees
  • Affordable plans
  • Drone insurance

What we don't

  • Not available in New York

What are the requirements for business insurance in Florida?

According to the Florida Division of Administrative Hearings (DOAH), you need to carry workers’ compensation coverage if your business employs four or more employees. 

However, even if you’re not required to carry workers’ compensation insurance, it’s still a good idea to do so. Without it, you could be liable for any medical expenses and lost wages that result from a workplace injury. This can easily destroy a small business financially.

What are the types of business insurance in Florida?

Here are some of the options available to Florida small businesses:

General liability insurance. 

This covers you if a third party is injured on your property or as a result of your products or services. It also protects you if someone sues you over libel, slander, or copyright infringement. Here are the most common exclusions to be aware of in a general liability policy:

  • Expected or Intended Injury. An injury that results from your business’s intent to cause harm to people or property will not be covered by your policy. For example, if you sell electric products and a customer follows your instructions to use your product incorrectly and is electrocuted, your policy would not cover the cost of the resulting lawsuit.
  • Contractual Liability. If you sign a contract in which you agree to take responsibility for another party’s property damage or personal injury, your policy will not cover any legal costs associated with those responsibilities.
  • Employment-Related Practices. If you have employees, then you may need an employment practices liability insurance (EPLI) policy to cover claims related to wrongful termination, discrimination, or sexual harassment. Your general liability policy will not provide coverage for these types of claims.
  • Professional Services. General liability insurance is designed to protect businesses from third-party bodily injury and property damage claims related to their operations, but it does not offer coverage if you are being sued for providing faulty professional advice or services. 

Property insurance. 

Covers physical assets that are destroyed or damaged by fire, theft, and other covered events.

Most commercial property policies exclude earthquake, flood, and named windstorm coverage unless it is specifically added. In addition, a standard commercial property policy will not cover damage from mold or pollution. But you can add these to your insurance policy for an extra cost.

Workers’ compensation insurance. 

If an employee is injured while on the job, workers’ comp pays their medical expenses and replaces part of their income while they’re recovering (depending on the severity of the injury). Workers’ compensation insurance is mandatory in Florida if you have one or more employees (including yourself), even if they’re family members or part-time workers. Workers’ compensation policies typically exclude three categories of injuries: self-inflicted injuries; injuries sustained while violating company safety rules; and injuries sustained away from work or off the clock.

Professional liability insurance.

 If a client sues you for making a mistake with their project, professional liability — sometimes called errors and omissions insurance — covers your legal defense costs and any damages awarded to the client. In some cases, your clients may require proof that you carry this type of coverage before agreeing to work with you.

Professional liability insurance policies typically exclude coverage for dishonest, fraudulent, criminal, malicious or intentionally harmful acts. The policy may also exclude coverage for bodily injury and property damage, as well as liability that arises out of the rendering of professional services.

How much does business insurance cost in Florida?

The cost of business insurance can be affected by a number of factors. Your industry, claims history and size of your business will all play a role in determining how much you pay for coverage.

Your industry

The type of industry in which you operate may affect the cost of your insurance policy. Businesses that are considered a higher risk, such as manufacturers or construction companies, may face an increase in their insurance premiums due to the increased risk they pose to insurers.

Claims history

If your business has made a number of claims on its insurance policy in the past 12 months, it could affect the cost of your premium going forward. The more claims you make, the more likely it is that you’ll have to pay higher premiums as you will no longer be considered as low risk.

Size of your business

The size of your business may also impact how much you pay for your insurance policy. The larger the business, the more employees and assets there are to protect; therefore higher premiums may apply.

Company history. 

How long has your business been around? Newer businesses may have less experience handling certain risks than their more established competitors, which can make them more prone to accidents or losses. That doesn’t mean you can’t find an affordable insurance policy — but it does mean that new businesses are often classified as “higher risk” by insurers

How to choose the best business insurance in Florida

Here are some tips on how to choose the best insurance for you:

  • Know your risks. This can be hard to do, especially if you’re in a new industry. But it’s crucial to understand what kind of insurance you need and how much protection is enough.
  • Get help from an expert. Asking the right questions can make finding the right policy easier. An insurance broker or agent can help you understand the coverage that’s out there and which situations are covered by different policies.
  • Consider your budget and needs when choosing a deductible. The higher your business’ deductible, the lower your premiums will be. But you also have to remember that you’ll have to pay more when you make a claim under this type of policy. Consider both your budget and your risk tolerance when choosing a deductible.
  • Protect yourself from lawsuits with liability coverage. If someone sues your business, liability coverage can cover legal fees, judgments, and settlements up to the amount of coverage you have purchased for your policy. It could also cover damages if someone is injured at your place of business or by using one of your products or services.