Professional liability insurance (PLI) safeguards businesses from claims like negligence, malpractice or misrepresentation.
Next ranks as the best and most affordable professional liability insurance provider in Florida. With monthly premiums of $253 for LLCs with 20 employees and $46 for sole proprietors, Next offers unmatched value. Alongside cost-effectiveness, Next’s customer satisfaction rating is high, cementing the company as the ideal choice for Florida professionals seeking reliable coverage.
Best Professional Liability Insurance in Florida





Overall Best Professional Liability Insurance in Florida
With a MoneyGeek score of 96 out of 100, Next has the overall best professional liability insurance in Florida, thanks to its affordability for both LLCs with 20 employees and sole proprietors. Next’s affordability helped the insurer narrowly beat The Hartford, which also earned a MoneyGeek score of 96. You can compare the scores and costs for all companies on our list using the table below.
How was this MoneyGeek score calculated?

Exceptional affordability for LLCs
Reliable customer satisfaction
Fast quote process
Less comprehensive coverage options
Lower affordability for sole proprietors
Next stands out in Florida for its affordable professional liability insurance (particularly for LLCs), high customer satisfaction rates and quick quotes — typically delivered in about one minute and 25 seconds. However, it's worth noting that the company's financial stability is rated A- according to AM Best, which is not as high as other companies on our list. Another consideration is the scope of their coverage — although solid, it's not as comprehensive as some might need. Despite this, Next's balance of affordability and customer satisfaction positions it strongly in the marketplace.
Cheapest Professional Liability Insurance in Florida
Next stands out as the cheapest company in Florida based on its average monthly cost for both sole proprietors and LLCs at $46 and $253, respectively. The Hartford is a close second, with costs of $89 for sole proprietors and $294 for LLCs. Our affordability score combined these costs and found Next the cheapest overall, but this company may not offer the lowest price for both categories.
How was this MoneyGeek score calculated?

Excellent affordability for LLCs
Competitive pricing for sole proprietors
Quick quote turnaround
Financial stability leaves room for improvement
Next, a leading provider of professional liability insurance, sets the bar high with its affordability for LLCs and sole proprietors, excellent reputation for customer service and prompt quote delivery time of one minute and 25 seconds. However, its financial stability (denoted by an A- AM Best rating) could be stronger. Despite areas for improvement, Next remains a top choice for professionals seeking affordable protection.
Best Professional Liability Insurance for Sole Proprietors in Florida
Thimble takes the lead as the best professional liability insurance for sole proprietors (business owners without employees) in Florida, earning a MoneyGeek score of 96 out of 100 based on affordability and swift quote time. It surpasses Next, which ranks second with a score of 95. Thimble's monthly cost for a sole proprietor without employees is a modest $33, although riskier industries may incur higher charges.
How was this MoneyGeek score calculated?

Highly affordable for sole proprietors
Rapid quote process
Good financial stability
Customer satisfaction could improve
Less available coverages than other companies
Thimble stands out for its exceptional professional liability insurance, particularly for sole proprietors without employees. Its key strengths include unparalleled affordability, an impressively quick quote process (averaging just 26 seconds for sole proprietors with no employees) and robust financial stability marked by an A+ AM Best rating. Despite room for improvement in customer satisfaction, Thimble's flexibility and commitment to providing on-demand, tailor-made policies make it the ideal choice for sole proprietors in Florida seeking comprehensive, efficient coverage.
Best Professional Liability Insurance for LLCs in Florida
With a MoneyGeek score of 99 out of 100, The Hartford is the best professional liability insurance provider for LLCs with 20 employees in Florida, standing out for affordability, customer satisfaction and extensive coverage options. The Hartford charges an average monthly cost of $294 for LLCs with 20 employees, outperforming biBERK, which ranks second with a score of 97.
It's important to note that the cost of professional liability insurance significantly depends on employee count, meaning businesses with less or more employees could face different costs.
How was this MoneyGeek score calculated?

Affordable options for LLCs
Ample coverages
High customer satisfaction
Quote time not the fastest among competitors
We recommend The Hartford for LLCs due to its affordability, swift quote process (averaging one minute and 11 seconds for LLCs with 20 employees) and stellar customer satisfaction. Its financial stability is strong, denoted by an A+ AM Best rating. As a company, The Hartford is renowned for its broad coverage options and commitment to excellent customer service. These strengths make it the preferred choice for employers in Florida seeking comprehensive, reliable protection.
Best Professional Liability Insurance for Fast Quotes in Florida
Thimble leads in the fastest quote time for professional liability insurance in Florida, averaging at an impressive 50 seconds. A speedy online quote process is vital for business owners as it saves time and reduces administrative hassle, enabling them to focus on core business operations and make informed decisions. Thimble's efficiency is an asset for busy professionals seeking swift insurance solutions.
How was this MoneyGeek score calculated?

Exceptionally affordable for sole proprietors
Incredibly quick quote process
Good range of coverages offered
Less affordable for LLCs
Customer satisfaction needs improvement
Financial stability is good, but not perfect
Thimble's professional liability insurance is notable for its incredibly fast 50-second quote process, making it the best choice for those seeking quick quotes. Although Thimble's financial stability is strong with an A+ AM Best rating and it's the most affordable option for sole proprietors, it's less affordable for LLCs. Thimble's professional liability insurance also includes cyber liability coverage — adding value but increasing cost. Thimble is an innovative company that offers flexible, on-demand policies to meet diverse professional needs.
How Much Is Professional Liability Insurance in Florida?
In Florida, the average monthly cost of professional liability insurance is $734 for LLCs with 20 employees and $78 for sole proprietors without employees. These costs reflect policies with specific limits: a $1 million per occurrence limit, a $1 million aggregate limit and a $5,000 deductible.
The per occurrence limit is the maximum your insurer will pay per claim. The aggregate limit is the total amount the insurer will pay out during the policy term, usually one year. The deductible is the amount that the policyholder is responsible for paying before the insurance company begins to cover costs.
Compared to other states, the cost of professional liability insurance in Florida is generally higher, both for sole proprietors without employees and LLCs with 20 employees. Check out the table below to compare Florida's insurance costs directly with those of each individual state.
Factors That Impact Professional Liability Insurance Costs in Florida
In Florida, the cost of professional liability insurance for each business is shaped by several factors. These factors contribute to the unique risk profile of a business, influencing the premium rates:
Industry and Type of Services Provided
The nature of the services a business provides significantly impacts coverage costs. Businesses in high-risk industries or those that offer specialized, complex services typically face higher insurance costs due to the increased potential for professional mistakes that could result in lawsuits.
Location
The geographical location of a business can also affect insurance costs. Factors such as local laws, regulations and the litigiousness of a given area can influence rates. Certain regions may pose higher risks due to specific industry dynamics or legal climates, thereby increasing insurance costs.
Number of Employees
The more employees a business has, the higher the potential for professional errors or omissions that could lead to claims. Businesses with more employees usually have higher insurance premiums.
Coverage Limits
The amount of coverage a business chooses also influences the cost. Higher coverage limits mean more potential payout from the insurance company in the event of a claim, which typically results in higher premiums.
Policy Add-Ons
Extra policy features or endorsements that extend beyond standard professional liability coverage will also increase costs. For example, add-ons such as cyber liability coverage can raise premiums but provide additional protection, making it a valuable consideration for many businesses.
Who Needs Professional Liability Insurance in Florida?
Although not legally mandated for most businesses, professional liability insurance offers financial protection for claims related to error, negligence or misrepresentation. For high-risk industries in Florida such as health care and law, a specific form of professional liability insurance may be required by law or industry standards.
Medical malpractice insurance: Health care providers in Florida are generally required to maintain medical malpractice insurance or demonstrate financial responsibility to cover potential claims. This includes most doctors and hospitals, though some part-time physicians may be exempt. This requirement aims to ensure that medical professionals can financially compensate patients for harm resulting from malpractice.
Legal malpractice insurance: Although legal malpractice insurance is not required by law for lawyers in Florida, it is highly recommended. Legal malpractice can result in significant financial losses for clients, and having insurance ensures that attorneys can meet these potential liabilities.
Even if not legally required, professional liability insurance is a financial safety net against potential lawsuits arising from claims of professional errors or negligence, which can be expensive to address. It also enhances the credibility of a business, demonstrating to clients and partners that any unforeseen professional mistakes or oversights can be adequately compensated.
Frequently Asked Questions About Professional Liability Insurance in Florida
Navigating professional liability insurance in Florida doesn't have to be difficult. Read on to clear up uncertainties, pinpoint the top providers, explore the extent of coverage and unpacking the associated costs.
About Melissa Wylie

sources
- Florida Legislature. "2022 Florida Statutes." Accessed June 6, 2023.