Choose The Hartford for All Your Florida Business Insurance Needs
The Sunshine State has 3.5 million small businesses, making up nearly all of the companies in Florida and employing 3.8 million employees.1 Whether you’re a small business owner or looking to open your company in Florida, a key part to running a successful business is making sure you have the right business insurance.
The Hartford has more than 200 years of insurance experience, so we understand the unique industry risks businesses of all kinds face. We built our insurance solutions with small business owners in mind. While we help protect them from challenges, small business owners can focus on keeping their company running smoothly.
Types of Florida Business Insurance We Offer
Since every business faces unique risks, there are several types of insurance coverages you can get. At The Hartford, you can easily create a policy that meets your business’ specific needs.
A Business Owner’s Policy (BOP) combines some of the most critical business insurance coverages your company needs into one convenient and cost-effective policy.
General liability insurance helps protect your Florida business from claims that it caused bodily injury or property damage to others.
Most state laws require you to carry this insurance to help compensate employees for expenses associated with work-related injuries or illnesses like medical bills, rehabilitation and lost wages.
Commercial auto insurance helps cover the cost of an auto accident if you or your employee is at fault. If you or your employees drive a vehicle for business reasons, having the right commercial vehicle insurance is important.
Business property insurance, also called commercial property insurance, helps protect your owned or rented building, tools and the equipment you use to operate your business.
Professional liability insurance helps protect your Florida business from claims that it made a mistake in the professional services given to customers.
Who Needs Business Insurance in Florida?
Small businesses in various industries can benefit from having insurance coverage. Without it, you’d have to pay out of pocket for claims, which can be expensive. Some of the industries The Hartford can help protect include:
How Much Does Small Business Insurance Cost in Florida?
Small business insurance costs vary in Florida. Depending on the coverage, our small business customers in Florida pay between $75 a month and $205 a month.**
How Much The Hartford’s Small Business Customers in Florida Pay for Insurance**
| Average Annual Premium | Average Monthly Premium | |
|---|---|---|
| General Liability Insurance | $898 | $75 |
| Business Owner’s Policy (BOP) | $2,463 | $205 |
| Workers’ Compensation Insurance | $989 | $82 |
Insurance costs vary because business owners have different needs. Insurers can use several factors to determine premiums, including:
- Location
- Type of business
- Number of employees
- Revenue
- Claims history
What Business Insurance Is Required in Florida?
Employers in Florida must provide workers’ compensation insurance for their employees. Florida workers’ compensation insurance laws are based on the:
- Type of industry
- Number of employees
- Entity organization
If you have a company-owned vehicle, Florida has car insurance requirements:2
- Property damage liability coverage: $10,000 per accident
- Personal injury protection (PIP) coverage: $10,000 per person
For more information about Florida minimum business insurance requirements, visit the Florida Department of Financial Services website.
Why Trust The Hartford
For over 200 years, The Hartford has supported businesses of all sizes, so you can count on us to help you find the protection you need. We’re proud to serve over 1 million small business owners, and we’ve been recognized as one of the world’s Most Ethical Companies® 16 times.16
Get a Quote for Florida Business Insurance
We know every small business is unique. Our specialists will work with you to understand your insurance needs and get you a business insurance quote that can better protect your Florida business.
What Our Customers in Florida Are Saying
“The Hartford was great to work with during our claim. Our agent made the entire process very easy.”
Jesus, from Sarasota, Florida
“The Hartford makes it so easy. … Online support is amazing, if it doesn’t work, you call and they take care of you and your employees with care and speed.”
Celoi, from Miami, Florida
“From the moment I had a problem at my business, The Hartford … was attentive and never left me alone.”
Hernan, from Orlando, Florida
“The entire process [from] start to finish was handled with care and attention to detail. I would use you all again for years to come.”
Shiva, from Miami, Florida
Frequently Asked Questions About Business Insurance in Florida
Why Do Small Businesses Need Insurance in Florida?
Small businesses need insurance in Florida because it helps safeguard against everyday risks that can come up during normal operations. From a customer slip and fall to fire damage, these types of claims can be expensive. Without coverage, you’d have to pay for claims out of pocket.
What Insurance Do I Need for My LLC in Florida?
Many owners of a limited liability company (LLC) in Florida start with a Business Owner’s Policy (BOP) because it combines three types of coverage to help protect you from claims of bodily injury and property damage. If you have employees, you should also have workers’ compensation insurance. And if you drive a company-owned vehicle for business, it’s a good idea to get commercial auto insurance to help cover claims from an accident that your employee caused.
How Do I Get Business Insurance in Florida?
The best way to get business insurance in Florida is to get a quote online. In just a few minutes, you can get a quote for the coverage you need.
Do I Need a $1 Million Liability Policy?
A good rule of thumb is to get a minimum of $1 million in liability coverage, or at least an amount equal to the total value of your assets, to help protect your small business from claims that it caused bodily injury or property damage.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
16 “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
Additional disclosures below.