Florida is consistently rated as a top state for business. Why not ensure your business is protected so it thrives? At a minimum, general liability insurance is worth considering. Start with Benzinga’s guide to the best general liability insurance in Florida.
Best General Liability Insurance Options in Florida:
- Best Overall for General Liability Insurance: The Hartford
- Best for Small Businesses: Hiscox
- Best for Self-Employed Professionals: Progressive
- Best for Agriculture: Nationwide
- Best for Personal Service: Farmers Insurance
Best General Liability Insurance Options in Florida
You know the importance of getting multiple quotes to find the best deal as a savvy business owner. Take a look at our top picks for general liability providers in the Sunshine State.
Best Overall for General Liability Insurance: The Hartford
The Hartford’s been rated 4.8 out of 5 stars for claims service based on more than 16,000 customer reviews. The Hartford can tailor your general liability policy to your needs and your budget.
Take a look at its business owner policy (BOP). This policy combines general liability with different insurance coverages into 1 policy to protect your business from claims resulting from fire, theft or another covered disaster. A BOP also protects your company from claims involving bodily injury, property damage and personal and advertising injury — it’s essential for any Florida business.
A BOP typically includes business income, commercial property and general liability insurance.
The Hartford has been in business for more than 200 years and it’s been named a World’s Most Ethical Company 12 times by the Ethisphere Institute.
Best for Small Businesses: Hiscox
Hiscox specializes in small business insurance. It insures businesses in many of Florida’s top industries including personal care, landscaping and real estate.
Hiscox tailors its policies to the needs of each business it serves. It offers flexible payment options so you can choose a schedule that makes sense for your business and your cash flow.
Hiscox assigns you a dedicated claims representative each time you file a claim. That representative will walk you through the process from start to finish. Hiscox policies cover you and your employees wherever you are — even if you’re working outside Florida.
Best for Self-Employed Professionals: Progressive
Progressive offers affordable rates to self-employed professionals. It’s easy to get a quote online or through a local agent.
You can purchase a standalone general liability policy. Progressive also offers discounts for bundling products if you need additional coverage.
Progressive also makes it easy to file a claim. You can report and track claims online, make payments and manage your policy through its website.
Best for Agriculture: Nationwide
Agriculture is an integral part of Florida’s economy. It also brings unique risks and challenges. Nationwide is experienced in assessing the risks associated with agriculture. It offers general liability policies and more to help protect your investment.
Nationwide’s certified farm agents know and understand your risks. You can manage your policy online or by calling your farm agent. Agents can also guide you if additional coverage is needed for your business.
Best for Personal Service: Farmers Insurance
Farmers Insurance offers products exclusively through its network of local agents. That means you have someone dedicated to your insurance needs who also knows the local area.
Your Farmers agent can help you choose a general liability policy and determine whether you need other types of coverage for your business.
Farmers Insurance has been in business for almost 100 years. It’s helped businesses through disasters like Hurricane Rita and has gone the extra mile to donate generators and funds for emergency services. No matter what happens, Farmers and its agents will be there to get you back on your feet.
Cost of General Liability Insurance in Florida
Florida general liability insurance isn’t one-size-fits-all. Insurance companies determine the cost of your policy based on your specific business.
This means it’s difficult to determine an average price. To find out the average costs for your business, contact 2 or 3 insurance providers for a quote.
Our quote tool makes that process simple. Enter your ZIP code and click on a few providers to get a quote. Insurance companies will consider several factors, including:
- The size of your business: Larger businesses face more risks due to a higher number of employees.
- The type of business you have: Manufacturers face a different set of risks than owners of a hair salon.
- How long you’ve been in business: If you’ve been in business a while, you may see lower prices on insurance since you have a proven track record. You may see higher premiums as your business expands if your business is growing rapidly.
- Your business location: A business in a bustling downtown area has a higher level of risk than one in a more isolated area.
You do have options for controlling your costs. These include:
- Choosing a higher deductible: Your deductible is the amount you pay out of pocket for a covered loss before your insurance coverage starts. A higher deductible means you’re paying a higher share of the losses so insurance companies charge a lower premium.
- Choosing lower coverage limits: Lower coverage also results in a lower premium. Keep in mind that if you have a loss that exceeds your coverage limits, you’re responsible for those costs. Give careful consideration to what a realistic coverage limit is for your business. Lawsuits become expensive quickly, so this isn’t an area where you want to skimp.
- Bundling coverage: General liability insurance is an essential type of coverage but it has its limitations. If you need additional business coverage, ask your insurance provider about bundling discounts. Many insurers offer discounts for purchasing multiple policies.
- Developing safety protocols: Insurance companies may offer discounts if you can show you have clear safety policies in place. Document safety procedures and ensure your employees have everything necessary to perform work safely.
A common option for bundling coverage is through a BOP. These policies are specifically for small businesses and they combine general liability insurance, commercial property insurance and business income insurance.
Business income insurance helps make up for financial losses if your business needs to shut down. Commercial property insurance protects your business property and inventory.
What Does General Liability Insurance Cover?
General liability insurance helps to protect your business from financial losses. Policies typically cover:
- Bodily injury and property damage covers you if a client hurts himself on your business property or if an employee accidentally damages someone’s home. If someone files a lawsuit, your policy helps pay for representation as well as damages if your business is found to be responsible. Your employees are not covered by this type of policy, though. They’re covered by workers’ compensation insurance.
- Personal and advertising injury covers claims of libel and slander.
- Medical payments directly pay for medical claims from someone injured on your business property or in connection with work being done by your business. Smaller claims can be paid without filing a lawsuit.
General liability insurance doesn’t cover claims due to a lack of professional services. Doctors, lawyers, accountants and many other professionals should also consider professional liability insurance. This insurance is also called malpractice insurance. Your insurance agent can help you determine whether you need professional liability insurance.
Choosing a General Liability Insurance Policy
Business insurance is an essential part of business planning. Be sure to start with several quotes. Review the coverage carefully and ask questions along the way.
Choose an insurance provider in Florida that understands your line of business and offers excellent service. Our quote tool is an easy way to find the coverage you need.
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