NEXT leads Florida business insurance providers with outstanding customer service and comprehensive coverage options. The Hartford and Simply Business also provide reliable coverage for Florida entrepreneurs.
Business Insurance in Florida
NEXT tops our business insurance Florida rankings with a MoneyGeek score of 4.63 out of 5.
Find affordable coverage that protects your small business in Florida below.
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Updated: November 26, 2025
Advertising & Editorial Disclosure
Key Takeaways
Florida business owners can get reliable insurance coverage from NEXT, The Hartford and Simply Business.
The best business insurance in Florida varies based on your company's specific risks, number of employees and desired coverage amounts.
To secure the best coverage, analyze your business risks, get quotes from multiple insurers, verify their service quality and maximize available discounts.
Best Business Insurance Companies in Florida
| NEXT | 4.63 | 3 | 1 | 2 |
| The Hartford | 4.59 | 2 | 2 | 3 |
| Simply Business | 4.49 | 3 | 5 | 1 |
| Nationwide | 4.47 | 6 | 2 | 4 |
| Coverdash | 4.41 | 4 | 6 | 2 |
| biBERK | 4.39 | 7 | 2 | 5 |
| Progressive Commercial | 4.32 | 3 | 7 | 5 |
| Thimble | 4.31 | 1 | 8 | 5 |
| Hiscox | 4.27 | 5 | 4 | 6 |
| Chubb | 4.27 | 8 | 3 | 4 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
Professional liability insurance and workers' compensation from NEXT rank highest in Florida. The Hartford's general liability coverage stands out among competitors. Both insurers deliver strong business owner's policies (BOP).
| Business Owners Policy | NEXT | 4.65 |
| Business Owners Policy | The Hartford | 4.65 |
| General Liability | The Hartford | 4.60 |
| Professional Liability (E&O) | NEXT | 4.73 |
| Workers Compensation | NEXT | 4.58 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Florida Small Business Insurance Reviews
Three insurers emerged ahead of competitors in our Florida business insurance analysis. Each excels in specific areas that matter most to small business owners seeking comprehensive protection.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ 5
4.5/5Affordability
4.7/5Customer Experience
4.8/5Coverage Points
Average Monthly Cost of General Liability Insurance
$112This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$74This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5Ranked #4 nationallyOur Survey: Likely to Be Recommended to Others
4.8/5Ranked #1 nationally
The Hartford
Best for Affordability
MoneyGeek Rating
4.6/ 5
4.5/5Affordability
4.6/5Customer Experience
4.7/5Coverage Points
Average Monthly Cost of General Liability Insurance
$89This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$75This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
#1 NationallyOur Survey: Likely to Be Recommended to Others
#2 Nationally
Simply Business
Best for Coverage Availability
MoneyGeek Rating
4.5/ 5
4.5/5Affordability
4.2/5Customer Experience
4.9/5Coverage Points
Average Monthly Cost of General Liability Insurance
$104This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$77This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.7/5Our Survey: Likely to Be Recommended to Others
4.2/5
Cheapest Business Insurance Companies in Florida
The Hartford provides the most affordable business insurance in Florida at $91 monthly ($1,090 annually). Thimble and Simply Business follow with competitive rates of $101 and $105 per month. These providers lead our research for budget-friendly coverage options in the state.
| The Hartford | $91 | $1,090 |
| Thimble | $101 | $1,216 |
| Simply Business | $105 | $1,254 |
| Progressive Commercial | $108 | $1,293 |
| NEXT | $108 | $1,298 |
| Coverdash | $109 | $1,310 |
| Nationwide | $110 | $1,318 |
| biBERK | $113 | $1,355 |
| Hiscox | $116 | $1,398 |
| Chubb | $127 | $1,528 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Florida
Florida business owners can find the cheapest general liability coverage through The Hartford at $89 monthly. Simply Business comes second at $104 per month.
| The Hartford | $89 | $1,064 |
| Simply Business | $104 | $1,244 |
| Nationwide | $105 | $1,262 |
| Progressive Commercial | $109 | $1,302 |
| NEXT | $112 | $1,339 |
| Coverdash | $112 | $1,343 |
| Thimble | $116 | $1,390 |
| Hiscox | $123 | $1,479 |
| biBERK | $123 | $1,480 |
| Chubb | $129 | $1,544 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Florida
The Hartford offers the lowest-cost professional liability insurance (E&O) at $78 monthly ($936 annually). NEXT provides another budget-friendly option for Florida businesses.
| The Hartford | $78 | $936 |
| NEXT | $79 | $942 |
| Progressive Commercial | $81 | $977 |
| Thimble | $83 | $991 |
| Simply Business | $83 | $991 |
| Hiscox | $83 | $1,002 |
| Coverdash | $84 | $1,008 |
| biBERK | $85 | $1,024 |
| Nationwide | $89 | $1,072 |
| Chubb | $96 | $1,152 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Florida
Florida's cheapest workers' comp rates come from NEXT at $74 monthly ($891 annually). The Hartford and Thimble match this competitive pricing, giving businesses three solid options for affordable coverage statewide.
| NEXT | $74 | $891 |
| The Hartford | $75 | $899 |
| Thimble | $76 | $914 |
| Progressive Commercial | $77 | $919 |
| Simply Business | $77 | $927 |
| Hiscox | $77 | $930 |
| Coverdash | $79 | $943 |
| biBERK | $81 | $970 |
| Nationwide | $88 | $1,054 |
| Chubb | $92 | $1,100 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Florida
The Cheapest BOP rates in Florida come from The Hartford at $122 monthly ($1,461 annually). Thimble, Simply Business and Nationwide also deliver affordable BOP options for business owners.
| The Hartford | $122 | $1,461 |
| Thimble | $131 | $1,570 |
| Simply Business | $155 | $1,856 |
| Nationwide | $157 | $1,886 |
| biBERK | $162 | $1,947 |
| Coverdash | $162 | $1,948 |
| Progressive Commercial | $164 | $1,972 |
| NEXT | $168 | $2,020 |
| Hiscox | $182 | $2,181 |
| Chubb | $193 | $2,315 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Florida?
Business insurance in Florida costs between $80 to $160 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $160 |
| General Liability | $112 |
| Professional Liability (E&O) | $84 |
| Workers Comp | $80 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
Business insurance costs in Florida vary based on industry and coverage types. Speech therapists pay as little as $6 monthly for workers' compensation, while pressure washing businesses pay up to $1,451 for a business owner's policy.
Data filtered by:
Business Owners Policy
Accountants
| Accountants | Business Owners Policy | $36 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Want to know why your premiums are so high? We listed several factors that impact your premiums:
Industry Risk Level
Your business type drives insurance costs more than any other factor. Construction companies pay much higher rates than consultants because job sites have more accidents and injuries. A Florida contractor typically pays $200 monthly for general liability coverage, while a consultant pays around $40.
Geographic Location and Weather Risks
Your location in Florida greatly affects your rates. Coastal businesses pay up to 40% more than inland companies due to hurricane risks. Florida leads the U.S. in weather-related disasters, with 24 billion-dollar weather events in 2023 alone according to NOAA. Rising storm damage costs drive up premiums statewide.
Business Size
Your employee count and revenue directly impact premiums. Workers' compensation costs about $1.30 per $100 of payroll in Florida, while general liability rates increase with higher revenue and customer traffic. A retail store with 15 employees pays roughly triple what a solo online seller pays for the same coverage types.
Claims History
Previous claims raise your rates for three to five years across all coverage types. Even a single general liability claim can increase your premium by 25% or more. Insurance companies reward claim-free businesses with lower rates and additional discounts.
Coverage Types and Limits
Your choices shape your costs. Higher coverage limits increase premiums, but bundling coverage through a business owner's policy saves 15% to 25%. Adding specialized coverage like cyber or professional liability increases costs but provides essential protection.
Years in Business
New Florida businesses pay 15% to 30% higher premiums because insurers lack data to assess their risk. After three years of claims-free operation, many companies see rate reductions as they build a positive track record.
Professional Certifications
Safety certifications and professional licenses can reduce your premiums by 5% to 15%. Completing OSHA training, industry-specific certifications and Florida state licenses show insurers you follow best practices, often qualifying you for lower rates.
Florida Business Insurance Buying Guide
Getting business insurance doesn't have to be complicated. This guide helps Florida business owners choose the right coverage.
What Coverage Is Required?
We've researched all Florida business insurance requirements to save you time. Check the section below for a complete breakdown of what coverage your business needs.
Workers' Comp
Florida requires workers' compensation insurance based on your industry and number of employees:
Construction businesses: Must carry workers' comp for every employee, including the first hire. No exceptions; this requirement kicks in immediately when you hire anyone for construction work.
Non-construction businesses: This is required for businesses with four or more employees, whether full-time or part-time. This includes temporary and seasonal workers.
Commercial Auto Insurance
All business-owned vehicles in Florida must carry commercial auto insurance. Florida's no-fault system creates unique requirements:
Required coverage: $10,000 in personal injury protection and $10,000 in property damage liability (10/0/10 format). Unlike most states, Florida doesn't require bodily injury liability unless you're a high-risk driver.
Personal injury protection: Covers 80% of medical expenses up to $10,000 and 60% of lost wages up to the same amount, regardless of who caused the accident.
Professional Liability Insurance (Required for Doctors)
Required for doctors: All Florida physicians must carry medical malpractice insurance with minimum limits of $100,000 per occurrence and $300,000 annual aggregate to practice medicine. Higher limits are required for doctors with hospital privileges or those performing surgery in ambulatory surgery centers.
Alternative compliance: Doctors can meet requirements through trust accounts and letters of credit instead of traditional insurance.
Exemption option: Healthcare professionals can be exempt from carrying malpractice insurance, but must publicly display their exemption status and provide written notice to all patients.
What Coverage Do We Recommend?
Florida has few business insurance requirements, but smart coverage choices protect your company from costly risks. Here's our analysis of the best insurance options for the state's key industries:
Restaurant | General liability, product liability, commercial property, equipment breakdown, business interruption, hurricane coverage, flood coverage, liquor liability, workers' compensation | Florida restaurants face hurricane closures, flooding damage and tourist liability claims. Outdoor dining areas require specialized wind coverage, while seasonal tourism creates revenue fluctuation risks during storm evacuations. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, hurricane coverage, flood coverage, sinkhole coverage, mold coverage | Florida construction faces hurricane damage, sinkhole risks and extreme humidity creating mold issues. Coastal construction projects require wind-resistant building standards and elevated flood coverage due to storm surge exposure. |
Marine | Marine general liability, hull and machinery, marina operators liability, commercial fishing vessel, hurricane coverage, pollution liability, charter boat coverage, salvage coverage | Florida marine businesses face hurricane damage, charter boat accidents and environmental liability in sensitive coastal waters. Hurricane season creates massive vessel damage exposure and business interruption from mandatory evacuations. |
Retail | General liability, commercial property, business interruption, hurricane coverage, flood coverage, cyber liability, commercial crime, tourist liability coverage | Florida retailers face hurricane business interruptions, tourist-related liability claims and seasonal revenue fluctuations. Coastal locations require specialized wind and flood coverage with extended business interruption periods. |
Landscaping/Lawn | General liability, commercial auto, workers' compensation, equipment coverage, hurricane damage coverage, flood coverage, heat-related illness coverage, pesticide liability | Florida landscaping companies face hurricane cleanup contracts, extreme heat worker safety risks and year-round pest control challenges. Storm debris removal creates specialized liability from property damage and injury risks. |
How to Get the Best Cheap Business Insurance in Florida
Florida business insurance premiums strain tight budgets, but strategic shopping helps you secure essential protection without overspending:
- 1Assess Your Actual Risks First
Real business threats vary by Florida location, especially hurricane and flood exposure. Beachfront restaurants require comprehensive property coverage and business interruption insurance, while inland accounting firms prioritize professional liability protection.
- 2Get Quotes from Multiple Insurers
Florida carriers price policies differently, particularly for hurricane coverage. Contact at least three providers specializing in Florida business insurance to compare rates and coverage for your industry.
- 3Choose Providers Based on Service Quality
Hurricane claims response history and financial strength ratings reveal which insurers perform when disasters strike. Florida marinas need proven storm damage expertise, while retail stores want fast property damage claim responses.
- 4Maximize Available Discounts
Multi-policy savings come from combining property and liability coverage with one insurer. Florida landscaping businesses cut costs by bundling general liability with commercial auto insurance and maintaining clean claims records.
- 5Review Coverage Annually
Business growth and changing insurance markets demand annual coverage reassessment. Beach rental companies expanding their fleets need updated vehicle coverage, while growing restaurants might qualify for better rates by switching carriers.
Florida Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Florida's best business insurance providers. However, what's ideal for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Florida: FAQ
Finding the right business insurance in Florida raises many questions for small business owners. Below, we answer the most frequently asked questions:
What business insurance is required by law in Florida?
Commercial auto insurance becomes mandatory when you operate business vehicles, with minimum limits of $10,000 for property damage and $10,000 for personal injury protection. Workers' compensation requirements kick in once you employ four or more people.
How much does business insurance cost in Florida?
Monthly costs range from $80 to $160 depending on your coverage type. Workers' compensation runs about $80, the most economical option. Business owner's policies cost around $160 monthly. Your actual premiums depend on industry, business size and claims history.
Which company has the cheapest business insurance in Florida?
The Hartford has the lowest rates at $91 monthly. Thimble ($101) and Simply Business ($105) follow close behind. Rates vary based on business-specific factors, so compare multiple quotes.
What business insurance do I need for my small business in Florida?
General liability insurance protects against customer injuries and property damage claims. Add workers' compensation for employees and commercial auto coverage for company vehicles. Retailers need property coverage, contractors require equipment protection.
What is the best business insurance company in Florida?
NEXT is first place in Florida's business insurance market with a MoneyGeek score of 4.63 out of 5. The Hartford and Simply Business are also excellent choices. Compare multiple providers to match coverage with your specific business requirements.
How We Scored the Best Business Insurance Companies in Florida
Small business owners in Florida need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Florida entrepreneurs navigate challenges like hurricane risks and the state's optional workers' compensation laws.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50%): Premium costs across industries and coverage types determine which insurers deliver value. MoneyGeek compared rates for identical coverage levels. Lower premiums for equivalent protection earned higher scores.
- Customer experience (30%): Claims processing speed, customer service quality and digital tools separate reliable insurers from problematic ones. Complaint ratios and satisfaction scores from third-party sources revealed which companies handle claims efficiently.
- Coverage options (15%): Policy customization, industry-specific endorsements and coverage limits show which insurers accommodate diverse business needs. Broader choices earned higher scores.
- Financial strength (5%): AM Best ratings and other agency evaluations confirm which insurers maintain resources to pay claims. Strong financial ratings signal reliable long-term protection.
This approach helps Florida small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- National Centers for Environmental Information. "Billion-Dollar Weather and Climate Disasters." Accessed August 19, 2025.
- NEXT. "NEXT Empowers Agents with Enhanced Products, Cutting-Edge Digital Tools, Opening New Revenue Opportunities and Sparking Momentum in Small Business Insurance." Accessed August 19, 2025.
- Simply Business. "Simply Business Offers Insurance to Third-Party Sellers Through Amazon Insurance Accelerator." Accessed August 19, 2025.
- The Hartford. "Customer Claims Ratings and Reviews." Accessed August 19, 2025.
- Trustpilot. "NEXT." Accessed August 19, 2025.
- Trustpilot. "Simply Business US." Accessed August 19, 2025.
- Trustpilot. "The Hartford." Accessed August 19, 2025.