Florida Business Insurance

Choose The Hartford for All Your Florida Business Insurance Needs

Florida Small Business Insurance With over 9 million workers, Florida’s labor force is the 4th largest in the United States.1 In 2015, Florida had over 532,000 employer establishments operating in the state.2 Commercial Liability Insurance is not mandatory for businesses operating in Florida but if you own property or other assets you may want to invest in sufficient general liability coverage for your Florida business. Business insurance from The Hartford helps protect businesses from financial losses caused by risks to their property and income. Covered risks can include things like theft, damage, and lawsuits. Read on to learn more about Florida Business Insurance and Florida Small Business Insurance from The Hartford.

Types of Florida Business Insurance Offered

Florida Business Owner’s Policy

A Business Owner’s Policy, commonly referred to as a BOP, combines different insurance coverages into one policy to protect your business from claims resulting from things like fire, theft or another covered disaster. A BOP also protects your company from claims involving bodily injury, property damage and personal and advertising injury as is essential for any Florida business. While many coverages can be included in a Business Owner’s Policy, typically a BOP includes:
  • Business Income Insurance. If unexpected events halt your operations as the result of a covered cause of loss, The Hartford's BOP insurance can help replace the loss of income.
  • Commercial Property Insurance. The Hartford's property insurance helps protect the property your business rents, leases or owns. It also provides coverage for loss of accounts receivable and valuable records.
  • General Liability Insurance. The Hartford's BOP provides business liability insurance that helps cover your company if it is sued for causing harm to a person and/or damage to other’s property.

Florida Workers’ Compensation Insurance

The state of Florida requires employers with four or more employees, full- or part-time, to provide workers’ compensation insurance to their employees. If the employer is in the construction industry and employs one or more employees, worker’s compensation insurance is required.3 Workers’ compensation insurance can help protect your business and employees in events such as these:
  • An employee is putting boxes away on top of a cabinet, and one falls off and lands on her head. Her injury requires an emergency room visit and weeks of recovery.
  • An employee has a client meeting out of town and is driving back to the office and gets into a car accident requiring a hospital visit.
  • An employee slips on spilled water in the office and breaks her arm, requiring emergency medical treatment and weeks of physical therapy.

Florida Data Breach Insurance

Data breach insurance and cyber liability insurance helps cover the costs of a data security breach for your Florida business for things like identity protection solutions, legal fees, liability, public relations and more. The Hartford can help with response-related expenses including costs to notify impacted individuals, and good faith advertising. Your business may benefit from Data Breach Insurance for example, if:
  • Your employees save data on a network.
  • Your business keeps patient or customer records in a database that could be targeted by hackers.

Florida Commercial Umbrella Insurance

Commercial Umbrella Insurance provides businesses with additional liability coverage to help protect them against potentially catastrophic costs of claims. Florida Commercial Umbrella Insurance enables you to protect your assets by providing liability limits above and beyond your other policies. Examples of coverage from Commercial Umbrella Insurance includes:
  • A customer trips on uneven flooring and hurts herself. The costs of her medical injuries exceed the cost of your general liability policy limit.
  • Your business publishes an advertisement with an error resulting in a lawsuit with costs that exceed your primary business liability insurance coverage limit.

Florida Management & Professional Liability Insurance

Professional liability insurance helps cover you and your Florida company if you are found negligent in the professional services you provided. Many types of businesses hold professional liability insurance, which is also known as errors & omissions, or E&O insurance. Some types of businesses that can benefit from professional liability insurance include:
  • Technology Professionals
  • Interior Decorator
  • Travel Agent
  • Consultants
  • Accountants

Florida Minimum Business Insurance Requirements

Employers conducting work in the Sunshine State are required to provide workers’ compensation insurance for their employees. Specific employer coverage requirements are based on the type of industry, number of employees and entity organization.3 For more information about Florida minimum business insurance requirements, visit the Florida Department of Financial Services.

Additional Florida Business Insurance Links

Get a quote on Small Business Insurance for your business today.
1,3 https://www.enterpriseflorida.com/wp-content/uploads/IS_Business_Facts.pdf
2 https://www.census.gov/quickfacts/FL
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In CA by Sentinel Insurance Company, Ltd. (CA license # 8701) and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including issuing company, Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.