Learn about business insurance requirements and the most common policies for lawyers in Florida.
Which policies are required for lawyers in Florida?
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by lawyers in Florida, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in Florida requires every small business that has more than four employees and is not engaged in construction work to provide workers’ compensation insurance, which covers medical bills for work injuries.
Note: Insureon cannot provide quotes for professional liability insurance for lawyers, also called malpractice insurance.
What are the most common policies for a Florida lawyer?
The most common policies for lawyers in Florida vary depending on revenue, client contracts, partnerships, and other factors.
General liability insurance
General liability insurance is the foundation of a lawyer’s business protection, with coverage that extends to client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
Business owner's policy (BOP)
Lawyers often qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.
Florida workers' compensation
If you own a law firm in Florida that has more than four employees, you are required to carry workers’ compensation coverage. If your business has fewer than four employees, workers’ compensation insurance is not required, but will still help you pay the medical bills and lost wages of an injured employee.
Cyber liability insurance
Cyber liability insurance can help lawyers survive data breaches and cyberattacks. This policy can help pay for client notification costs, credit monitoring services, and other related expenses.
What do lawyers in Florida pay for insurance?
The typical lawyer in Florida can expect to pay more than the national median for some types of business insurance and less than the median for other types, according to an analysis of Insureon applications.
For example, the median annual cost of workers’ compensation insurance for a lawyer in Florida is $1,366, which is more than the national median of $1,054. On the other hand, Florida lawyers can expect to pay a median annual premium of $517 for a business owner’s policy, much less than the national median of $1,000.
Save time and money with Insureon
Insureon’s industry-leading technology helps lawyers in Florida save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in Florida and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
- Workforce details, such as the number and types of employees
- Current and projected revenue
- Business partnerships
- Insurance history and prior claims
- Commercial lease insurance requirements
Apply for free insurance quotes for lawyers today.