How does your city measure up to the national average?

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Orlando10, 4115.014.36
Fort Lauderdale9,5056.94.67
St. Petersburg6,2083.92.93
Boynton Beach2,0893.22.73
Cape Coral3,8061.410.84

Florida Business Insurance FAQ - Quick Answers

Your Florida business insurance premiums will be different than anyone else's because your risks are not the same. Here are some factors that carriers use to determine your commercial coverage:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

In Florida, you are required to carry workers' compensation insurance when you have 4 or more part-time or full-time employees. If you have any company-owned autos, you'll be responsible for carrying the minimum limits of liability set by the state. 

In Florida, there are specific policies that are required, and others that are recommended for small businesses in general. The policies below are typically primary when it comes to obtaining coverage for your property, business income and operation.

Every small business should have liability insurance to protect itself from lawsuits. There are various liability coverages, but the most common is general liability insurance. A general liability policy will help pay for a claim brought against your business due to bodily injury or property damage. 

Each small business will have a choice to offer health insurance to its employees. In Florida, if you have fewer than 50 people on staff, you're not legally required to offer health coverage. However, you still may want to. Check with your independent insurance agent about health insurance options for your company.

Each small business will need proper protection in order to avoid financial losses. In Florida, Nationwide, Progressive, Hanover, and Travelers are often used by consumers when obtaining commercial insurance. These carriers are top-rated for having excellent claims service and customer support.

Do You Know What Your Business Insurance Covers in Florida?

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