Best Small Business Insurance In Florida (rates from $58/month)

Written By Licensed Agent Sa ElSeptember 18, 2023

If you are one of the 2.5 Million Florida small business owners, entrepreneurs, freelancers, or sole proprietors, you must purchase enough small business insurance for your company.

The business world is brutal, and it can be hard to find the proper insurance needs. 

Small enterprises face many risks and dangers that larger companies with bigger budgets for general liability coverage do not typically encounter.


We made this quick and easy guide to assist you in finding small business quotes in Florida. You'll learn about costs, what's covered, exclusions, and more.

Best Overall


simply business logo

Simply Business is an online small business insurance broker, offering customers general liability and professional liability insurance coverage. Their primary focus is on professionals who need affordable business coverage, fast and online.

More Of The Best Cheap Small Business Insurance Companies In Florida Below...

Best For Workers Comp Coverage


huckleberry logo

Huckleberry is best for small business owners in need of worker's compensation coverage (worker's comp) and is our second pick

Click below to get an accurate quote.

Best For Any Business Size


coverwallet logo

Coverwallet is a one-stop-shop for business coverage regardless of size. Their low rates and online application, earned them 3rd.
Click below to get an accurate quote.

Best For Cyber Insurance


cyberpolicy logo

Cyber Policy is an insurance marketplace for business insurance. Their primary focus is cyber insurance and they are our fourth pick.

Click below to get an accurate quote.

How Much Does Small Business Insurance Cost In Florida? 

Customers pay an average of $58 per month for small business insurance in Florida. But—and this is crucial—the average costs can't tell you what your premiums will be. Insurance rates can vary significantly depending on the industry, where you live in Florida, and how much your insurance needs change. As a result, your premium might be higher - or drastically lower.

Who Has The Cheapest Small Business Insurance In Florida? 

Cover Wallet has some of the cheapest Florida business insurance rates. 

They provide one of the simplest and quickest methods to obtain liability coverage for your company in Florida.

However, small business owners should compare rates and policies with multiple companies to ensure they get the best deal for themselves.

What Factors Impact Florida Business Insurance Premiums?

The cost of policies in Florida is determined by various factors, including the types of services or goods you offer, the number of employees you have, how long you've been in operation, and your claims history.

Typically, your policy's maximum coverage is restricted to a specific amount throughout the term. The following are some of the most important factors that influence Florida business insurance costs:

  • Your Claims History - Like car insurance, the more claims you have, the higher the costs can become. If you have claims on your policy, your premium will usually increase.
  • Deductibles - Low deductibles for Florida business coverage imply higher premiums, as they do with medical insurance. If you raise your out-of-pocket expenses (deductible), your premium is likely to drop.
  • Experience - A company with greater expertise may generally get lower premiums than a less experienced company.
  • Gross Sales - The more revenue you make, the higher your monthly premiums could become. Usually, as your revenue increases, so will the things you need to protect. So, if you are a business owner making less than $50,000 a year, your premiums may be lower than a larger company that earns $3,000,000 a year.
  • Industry - If you have a company like an accountant, your premiums may be lower than those of a roofing company since the risks for bodily harm and damage to your property is more significant.
  • Policy Limits - You can choose how much coverage you want, and you will generally pay more for higher limits. A $2 million limit per claim in a liability policy, for example, will be more expensive than a $500,000 limit.
  • Population and Crime Rates - Small companies in safer locations can save money on property insurance covering theft and vandalism. Smaller towns with less foot activity may save money on their insurance, which protects against customer claims. A small company owner in a large city, on the other hand, might pay more for this coverage.