7 Best Florida Business Insurance Providers of 2022

Unlike many states, Florida currently only requires that business owners purchase a commercial auto policy for business-owned vehicles and workers’ compensation.

Despite the state’s lenient commercial insurance laws, it’s important that you secure insurance that fits your business’s needs.

In this review, we’ll explore the best small business insurance in Florida and share what makes them the right choice.

Recommended: Next Insurance offers dedicated small business insurance to Florida companies.


Top 7 Florida Business Insurance Providers

Which of these insurance companies your Florida business should have a policy with depends on the specifics of your business. While several providers are overall great choices, there also are specific carriers to choose from depending on your business’s policy needs, industry, size, and other factors.

Our Approach:

We’ve chosen the best business insurance providers from many carriers, and each of our choices is licensed to offer insurance in Florida. In our analysis, we primarily considered four things:

  • The type of business you own
  • What assets you need to protect
  • Which carrier offers the broadest coverage at a competitive price
  • The provider’s customer service reputation and financial rating

Our Best Florida Business Insurance Providers for 2022: 

  1. Next Insurance: Best overall business insurance for Florida small businesses. Next offers affordable coverages specifically tailored to small businesses and has excellent customer service.
  2. CommercialInsurance.net: Excellent LLC insurance for larger businesses. CommercialInsurance.net makes comparing policies convenient and intuitive, making it easy to check policies that may be suitable for your business quickly.
  3. CoverWallet: Best for multiple insurance policies — they offer a wide variety of policy options that are easy to compare.
  4. Hiscox: Best for independent contractors — they have affordable policies priced specifically for independent contractors, freelancers, and microbusinesses.
  5. The Hartford: Best for highly specialized insurance policies — they offer a high degree of coverage customization options.
  6. Vouch: Best for new businesses — they specialize specifically in policies for new startups and ones that grow to receive venture capital.
  7. Chubb: Best for businesses that have multiple liability risks — they offer many different liability coverage options.
  8. State Farm: Best large business insurer for customer service — they have more than 19,000 agents nationwide (including many in Florida).
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Best Florida Business Insurance

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1. Next Insurance: Best Overall Florida Business Insurance

One of the highest-rated Florida business insurance providers is Next Insurance, and that’s not just us saying it. Next customers say they’re highly satisfied with the company’s policies and service. Demotech and A.M. Best have shown that they’re impressed by giving awards, too.

Among all of the Florida business insurance providers, Next Insurance is particularly adept at insuring startup businesses, sole proprietors, LLCs without employees, and LLCs with a few employees. Professionals, local businesses, service centers, dining establishments, drinking establishments, Amazon retailers, and the like should all find policies that suit them. 

The coverages contained within each policy are fairly standard, but standard isn’t bad when insuring a small business that has basic coverage needs. Each coverage will serve most small businesses in Florida well, and at a price that’s normally below what more specialized coverages cost.

Further distinguishing Next Insurance is the company’s customer service. Online quotes are quick to check, and current customers can also access virtually all account functions through the website. Being able to get a certificate of insurance instantly is especially helpful when trying to land lucrative jobs. Should further assistance ever be required, Next is one of the few online insurers that also offers business-hours phone support.

In the event of a valid insurance claim, Next also handles all processing itself. There’s no need to wait while a third party receives documentation and makes an assessment. 

There are many small business insurance companies in Florida. Next Insurance should be the next one that small businesses get a quote from, as it’s one of the best.

Next Insurance Featured Coverages

  • Commercial Property Insurance
  • Tools & Equipment Insurance
  • Workers’ Compensation Insurance
  • General Liability Insurance
  • Errors & Omissions Insurance
  • Liquor Liability Insurance
  • Commercial Auto Insurance

PROS

  • Specializes in insurance policies for small businesses
  • Both online service and available phone support
  • Fast online quotes, and access to certificates of insurance
  • Claims are processed in-house
  • Affordable premiums for small businesses
  • Excellent customer satisfaction ratings and professional awards

CONS

  • Limited specialized coverages for larger and high-risk businesses
  • Doesn't have any local agents
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Recommended: Next Insurance

Get insurance dedicated to Florida small business and save money. 

Next Insurance

2. CommercialInsurance.net: Best Florida Business Insurance Finder

Of all the carriers offering business insurance in Florida, CommercialInsurance.net is our favorite. CommercialInsurance.net has numerous policy options that meet the needs of virtually any small business (and many larger ones too). Comparing, customizing, and purchasing policies is easy, and there’s clear information about each policy if you want details.

CommercialInsurance.net Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Workers’ Compensation Insurance
  • Professional Liability Insurance
  • Business Hazard Insurance
  • Commercial Umbrella Insurance

PROS

  • Many policy options from different carriers
  • Great pricing options by comparing carriers’ policy options
  • Excellent customer service satisfaction scores
  • Phone support Monday to Saturday from 8:00 am-8:00 pm
  • Extensive information about policies and coverages
  • Easy-to-understand information
  • Intuitive website

CONS

  • Not an actual insurance carrier, but rather a service for finding customized quotes
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Recommended: CommercialInsurance.net

CommercialInsurance.net offers the most coverage options for large businesses.

CommercialInsurance

3. CoverWallet: Best for Multiple Business Insurance Policies

CoverWallet has an extensive list of insurance policy options, which is helpful if your business needs several different policies. These could be specialized policies, policies for different parts of the business, or even policies in Florida and in other states. 

CoverWallet Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Workers’ Compensation Insurance
  • Professional Liability Insurance
  • Business Hazard Insurance
  • Commercial Umbrella Insurance

PROS

  • Many policy options from different carriers
  • Great pricing options by comparing carriers’ policy options
  • Helpful information about policies and coverages
  • Intuitive website

CONS

  • Not an actual insurance carrier, but rather a service for finding customized quotes
  • Quotes aren’t always instant and sometimes aren’t too timely
  • Customer service is inconsistent, even with phone support available
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CoverWallet

Learn if CoverWallet can help you find unique coverage for your Florida small business in our review.

4. Hiscox: Best Independent Contractor/Freelancer Business Insurance

Hiscox has served thousands of small businesses, including independent contractors and freelancers who have their own microbusinesses. The insurer specializes in affordable basic coverages for different industries and has policies developed for more than 180 professions. Of note, short-term liability insurance is especially useful for special events.

Hiscox Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Professional Liability Insurance
  • Short-Term Liability Insurance
  • Workers’ Compensation Insurance

PROS

  • Only offers business insurance
  • Provides industry/profession-specific policies
  • Serves businesses of all sizes
  • Educational website with user-friendly online quotes
  • Excellent customer service reputation
  • Perfect financial ratings by analysts

CONS

  • Only nine US offices (and the parent company isn’t US-based)
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Hiscox

Check out our Hiscox review to learn more about Hiscox coverage and value.

5. The Hartford: Best Insurance for Highly Specialized Businesses

The Hartford offers specialized insurance coverage options, alongside the standard coverages that all insurers offer. It’s the choice for businesses that have specific coverage needs because of their industry.

The Hartford Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Professional Liability Insurance
  • Data Breach Insurance
  • Commercial Umbrella Insurance
  • Workers’ Compensation Insurance
  • Business Income Insurance

PROS

  • Provides highly specialized coverages
  • Educational website with user-friendly online quotes
  • Perfect financial ratings by analysts
  • Named “World’s Most Ethical Company” per Ethisphere Institute

CONS

  • Poor reviews per J.D. Power’s “Small Commercial Insurance Study”
  • Complaints per the National Association of Insurance Commissioners
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The Hartford

Check out our review of The Hartford and learn more about all of the different policies they have to offer.

6. Vouch: Best Insurance for New Business Startups

Vouch focuses on serving startup businesses, and businesses that receive venture capital funding. The insurer provides affordable basic coverages for new businesses, yet has additional coverages that businesses may need as they grow.

Vouch Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Professional Liability Insurance
  • Commercial Umbrella Insurance
  • Workers’ Compensation Insurance
  • Business Income Insurance

PROS

  • Coverage recommendations through an online tool
  • Educational website with user-friendly online quotes
  • Startups get the same coverage terms as established businesses
  • Coverages can be added onto policies as needed

CONS

  • No local agents
  • No phone customer support
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Vouch

Vouch offers more coverage options as small businesses grow.

7. Chubb: Best Liability Coverages for Businesses

Chubb offers a wide range of both personal and commercial insurance coverages, and there are lots of liability coverages for businesses within those offerings. From basic general liability to industry-specific liability, Chubb has got almost all of it covered. This is of particular interest to businesses that have extensive and/or uncommon liability risks.

Chubb Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Professional Liability Insurance
  • Product Liability Insurance
  • Employment Practices Liability Insurance
  • Pollution Liability Insurance
  • Commercial Umbrella Insurance
  • Commercial Auto Insurance
  • Workers’ Compensation Insurance
  • Business Income Insurance

PROS

  • Many insurance coverages, including many liability coverages
  • Discounts available for home-based businesses
  • In-house claims department
  • High financial ratings from analysts

CONS

  • Limited online support for quotes or existing customers
  • Business information required to obtain quotes
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Chubb Insurance

Learn more about Chubb’s general liability and professional liability insurance solutions.

8. State Farm: Best Customer Service for Businesses

State Farm is one of the largest insurers in the country, and the company still offers extensive support through local agents. There are more than 19,000 agents in total. Those agents are each their own business owners, so they understand the needs of small businesses.

State Farm Featured Coverages

  • General Liability Insurance
  • Commercial Property Insurance
  • Professional Liability Insurance
  • Employment Practices Liability Insurance
  • Nonprofit Liability Insurance

PROS

  • More than 19,000 local insurance agents
  • Local agents each own their own businesses
  • 24-hour claims support
  • Perfect financial ratings from analysts

CONS

  • Customer complaints of claim denials
  • Some discounts may be unavailable in Florida
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State Farm

Check out our State Farm and learn more about their wide range of features and services.

Frequently Asked Questions

Why do I need small business insurance?

Some professions or business contracts require that you have business insurance. If this doesn’t apply to you, insurance is still a critical component of your business portfolio. Your policy is there to protect your company and its assets from unexpected lawsuits and claims.  

What kind of business insurance do I need?

The type of business insurance you need depends upon the products or services you offer and how your business is structured. Every business should have a general liability policy. If you have business tools, equipment, or vehicles, you’ll want to consider covering those assets as well.

Do I need business insurance if I have an LLC?

In short, yes. While incorporating as an LLC in Florida protects your personal assets, your business assets are still at risk in the event of a claim or lawsuit.

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