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Top 7 Providers of General Liability Insurance in Florida for 2021

Florida prides itself on being small business friendly, so they don’t require general liability insurance, although they do require worker’s compensation insurance and commercial auto insurance. You’ll also need general liability insurance if you’re a contractor. Also, Florida has a reputation of being very litigious, so if you own a small business in the sunshine state, you would do well to protect yourself.

Top 7 Companies for General Liability Insurance in Florida

We researched more than 15 companies offering general liability insurance in Florida and here are the top 7 companies that we recommend:

CoverWallet: Best for Comparing Online Quotes

CoverWallet is a digital business insurance broker. They work with several leading business insurance companies and are able to provide quotes from these companies. The benefit of working with a digital broker like CoverWallet is that you can compare several quotes of their partner companies in one place within minutes after providing your information once. This is probably the best way to compare online quotes without having to fill out several quote forms or talk to several agents.

Another benefit of working with CoverWallet is to utilize their great digital dashboard where you can manage all of your business insurance policies in one place after buying a policy through them. Otherwise, you have to pay $99 a year to have access to their digital dashboard. The dashboard offers great feature such as downloading digital certificate of insurance at any time, renewing the policy, or filing claims.

Nationwide: Best Customer Satisfaction

Nationwide tops J.D. Power’s Small Commercial Insurance Study for 2019.   

They have excellent customer service ratings and financial strength. They insure most states, the exceptions being Alaska and Hawaii. If you need other types of business insurance, they have business property, commercial auto, workers compensation, and other types of insurance your small business might need. 

Hiscox: Best for Policy Customization

Hiscox is the number one online small business insurer. They insure over 300,000 small businesses, and they can tailor policies to your specific business. You can get a quote online within just a few minutes. You can also choose flexible payment options. If you don’t have hundreds of employees, Hiscox is a great option. 

The Hartford: Best for Industry-Specific Packages

The Hartford is one of the biggest providers of business insurance. They offer a wide range of small business insurance policies. Any small business can find the insurance policy that it might need at the Hartford. They also offer a very nice digital experience that allows you to get quotes and buy a policy completely online. This is a very nice feature for a large and established insurer like the Hartford. Their unique differentiating feature is industry-specific policy packages which makes it easier for businesses to buy the right policies for their industry.

Next Insurance: Best for Self-Employed Small Business Owners

Next specializes in small business insurance, particularly for the self-employed. To get a quote other than this one, they wanted us to enter our social security number or Federal Employee Identification number and they told us they could only offer a business policy with owner coverage included. It varies by state, because we had no problem getting a quote when we said we lived in California. 

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Thimble Insurance: Best for Part-Time or Seasonal Business Owners

If you have a seasonal business, or a part-time business, consider Thimble. They insure Florida, and you can get general liability insurance for as long as you want it—as little as an hour. You can add errors and omissions insurance, professional liability insurance, or drone insurance (Thimble actually started as a drone insurance company) and coverage can begin the same day For a photographer working in Florida, we got this quote for a million dollars in coverage:

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Huckleberry: Best for AI-Powered Quotes

Huckleberry is a new company, launched in 2017. They offer business insurance completely online. You can get general liability insurance, workers compensation, business interruption insurance, and add-ons like professional liability insurance and employee dishonesty coverage. 

They use AI to generate quotes, which are underwritten by Markel insurance. You can get an estimate in 60 seconds, although your final price could be higher or lower. They only in nineteen states thus far, but they have plans to expand and so far, the outlook is promising. 

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What is General Liability Insurance?

General liability insurance is sometimes known as commercial liability insurance. It protects you and your business if someone sues you for causing injuries. It also protects you against property damage. Many small business owners say if you only get one type of insurance, it should be general liability insurance. 

What does General Liability Insurance Cover?

General liability insurance protects you from many common problems, such as:

  • Property damage
  • Bodily injury
  • Advertising errors
  • Copyright infringements
  • Slander

If you are sued, your general liability insurance should cover any settlement costs, court costs and medical payments. 

What doesn’t General Liability Insurance Cover?

General liability insurance doesn’t cover everything, though. It doesn’t cover:

  • Injuries to your employees
  • Damage to you own property
  • Professional mistakes
  • Illegal acts
  • Malicious acts 
  • Discrimination lawsuits
  • Vehicles
  • Liquor liability

Some of these things just require different insurance, such as liquor liability and injuries to your employees (workers compensation). For things like malicious acts and illegal acts, you’re on your own.

>>MORE: The 6 Best Providers of General Liability Insurance for Small Businesses

How Much General Liability Insurance do I Need?

It depends on your business—general contractors probably need more general liability insurance than many small businesses. Most small businesses should consider a policy with $1 million per occurrence and a $2 million dollar aggregate. The $2 million is over the life of the policy, which is usually one year (you renew every year).

How Much does General Liability Insurance Cost in Florida?

How much you pay for general liability insurance is affected by a lot of factors, but the biggest factor is the industry you’re in and how much risk is involved. Any business that has customers coming in and out, such as brick-and-mortar stores, will pay more for business insurance. Contractors pay the most because construction is inherently risky. Furthermore, Florida requires contractors to have general liability insurance with at least $300,000 in bodily injury and $50,000 in property damage. 

Other things that affect your rates include:

  • Location
  • Claim history
  • Years you’ve been in business
  • Annual revenue

Most small businesses pay between $300 and $600 annually. Keep in mind that these are the costs of general liability insurance for small businesses of five employees or fewer and earning less than $100,000 a year. If you have more employees or make a lot more money, you’ll pay more. 

Costs usually vary by carriers. So it is always a good idea to shop around with a few companies or with a digital broker like CoverWallet so that you can compare several quotes before selecting the right quote for your business.

>>MORE: How Much does General Liability Insurance for Contractors Cost?

Small Business Insurance in Florida

Florida’s labor force contains over 9 million workers and is the fourth largest in the country. Roughly two million small businesses make their home in Florida, employing 98% of the employees in the state. In spite of this, Florida is a litigious state and often rewards large settlements to those choosing to sue. 

 Last Thoughts

Although Florida doesn’t require small businesses to carry general liability insurance, it’s a good idea. Otherwise, you would have to pay for settlements, court costs and medical bills out of pocket if someone sues you, and that can bankrupt many small businesses. Also, although living in Florida has many perks, the residents tend to be litigious. General liability insurance is fairly inexpensive and may save your business and your income.

>>MORE: Top 5 Providers of Professional Liability Insurance in Florida

>>MORE: Top 6 Providers of Workers Compensation Insurance in Florida

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