Business Insurance Requirements for IT Consultants in Florida

The lower cost of living in many Florida communities makes it an appealing location for IT consultants to work independently or start a small business. Regardless of your business size, you’ll need insurance to protect your assets. IT consultants in Florida are only required by state law to carry workers’ compensation insurance. However, many clients require proof of professional liability insurance before they sign contracts for new services. You will also likely need general liability insurance to sign a commercial lease agreement. That policy will help cover expenses if you are held liable for client injury or property damages.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read more to find out which policies are most common for IT consultants in Florida, and start an application to get your free quotes today.

Find the right insurance policy for your IT consultant business

The most common policies for Florida IT consultants vary depending on a number of factors, including revenue, client contracts, revenue, and partnerships. The table below illustrates which policies might work best for your business size.


Business type General liability / BOP Professional liability Cyber liability Fidelity bond Workers' comp
Sole proprietor X X X    
Business owner with employees X X X X X
1099 or independent contractor X X X    


General liability insurance: General liability insurance is the foundation of an IT consultant’s business protection, with coverage that extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Business owner's policy (BOP): IT consultants 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.

Professional liability insurance: Many clients require proof of professional liability insurance before entering into contracts for professional services. This policy, also called errors and omissions insurance or IT consultant liability insurance, can help cover legal expenses if you’re sued for unsatisfactory work or a business discrepancy.

Cyber liability insurance: Cyber liability insurance can help IT professionals survive data breaches and cyberattacks by helping to cover recovery expenses if sensitive data, such as credit card numbers, passwords, or Social Security numbers, are stolen. If your clients get hacked, this insurance will protect your IT business if they decide to file a lawsuit.

Fidelity bond insurance: Fidelity bond insurance is often required if you’re working with the financial services industry. This type of coverage protects you in the event that one of your employees takes advantage of insider access to client data to use it illegally.

Workers’ compensation insurance: IT consultants with four or more employees are required to carry workers’ compensation insurance in Florida. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages. If you’re a sole proprietor, you are not required to purchase workers’ comp. However, it’s still a good idea; at least some of your medical expenses and lost wages can be paid by your insurance carrier if you get injured on the job and aren’t able to work. IT consultants don’t typically experience work-related injuries or illnesses, but they do happen. The most common workplace injuries for IT consultants in the United States are falls, slips, and trips, which can happen to anyone in any industry.

Business insurance costs for IT consultants in Florida

According to an analysis of Insureon applications, the costliest type of insurance for IT consultants in Florida is cyber liability. Unfortunately, that’s also one of the most important policies for IT professionals. However, fidelity bond insurance is significantly lower than national rates, and a business owner’s policy is slightly below the national median cost. With such a range of prices for different policies, Insureon’s agents can help you find the most cost-effective solutions to fully protect your business.

Median Insurance Costs for Florida IT Consultants

Save time and money with Insureon

Insureon’s industry-leading technology helps IT consultants in Florida save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Simply apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Florida and can answer your questions as you consider coverage.

To make the application go even 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 IT consultant insurance quotes today.