FL Insurance Guide
Florida Business Insurance Requirements
Everything you need to know about business insurance requirements in Florida. Compare quotes from top carriers licensed in FL.
Average Business Insurance Costs in Florida
$72/mo
Business Owners Policy
GL + Property combined
$45/mo
General Liability
$1M/$2M coverage
$105/mo
Workers Compensation
Per employee average
Florida Insurance Requirements
!
Workers Compensation: Required
4+ employees (non-construction) or 1+ employees (construction)
- ✓Workers compensation required for businesses with 4+ employees (1+ in construction)
- ✓PIP auto insurance required for all registered vehicles
- ✓Flood insurance highly recommended (not included in standard policies)
- ✓Construction companies have stricter workers comp requirements
- ✓Professional licenses may require E&O insurance
Regulatory Authority: Florida Office of Insurance Regulation
Top Industries We Insure in Florida
Tourism & Hospitality
Get a quote →Construction
Get a quote →Healthcare
Get a quote →Real Estate
Get a quote →Marine & Fishing
Get a quote →Agriculture
Get a quote →Florida Business Insurance FAQ
When is workers comp required in Florida?
In Florida, workers compensation is required for non-construction businesses with 4 or more employees, and for construction businesses with 1 or more employees (including the owner). Agricultural businesses need coverage with 6+ regular employees or 12+ seasonal employees.
How much does business insurance cost in Florida?
Florida business insurance costs are slightly above the national average due to hurricane risk. A BOP averages $72/month, general liability averages $45/month, and workers compensation averages $105/month. Coastal businesses and those requiring flood or windstorm coverage will pay more.
Do Florida businesses need flood insurance?
While not always legally required, flood insurance is strongly recommended for Florida businesses. Standard commercial property policies do NOT cover flood damage. Businesses in FEMA-designated flood zones with federally backed mortgages are required to carry flood insurance. Given Florida's hurricane risk, this coverage is essential.
What insurance do Florida contractors need?
Florida contractors need workers compensation insurance (required with 1+ employees), general liability insurance (typically $1M minimum), commercial auto insurance, and a surety bond for licensed contractors. Many project owners require additional insured status and certificates of insurance.
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