Verified insurance requirements for general contractors operating in Florida.
Florida effectively requires GL insurance for licensed contractors. The DBPR/CILB requires proof of insurance or financial responsibility as a condition of contractor licensure.
Minimum Coverage
$500,000 - $1,000,000
Estimated Annual Cost
$500 - $2,000/year
Florida requires workers' compensation for construction employers with ONE or more employees (Florida Statute 440.02). This is a stricter threshold than most states. The Construction Industry Licensing Board (CILB) verifies WC coverage as part of licensure.
Minimum Coverage
Statutory limits
Estimated Annual Cost
$1,000 - $5,000/year
Florida does not generally require a surety bond for general contractor licensure. Some specialty licenses and local jurisdictions may have bond requirements.
Minimum Coverage
$5,000 - $25,000
Estimated Annual Cost
$100 - $500/year
Required for business vehicles. Florida auto minimums: 10/20/10 with PIP ($10K per person, $20K per accident, $10K property damage, plus $10K Personal Injury Protection — Florida is a no-fault/PIP state).
Minimum Coverage
10/20/10 with PIP ($10K per person, $20K per accident, $10K property damage, plus $10K Personal Injury Protection — Florida is a no-fault/PIP state)
Estimated Annual Cost
$1,200 - $3,000/year
Provides additional coverage beyond your general liability and auto policy limits. Recommended for larger projects.
Minimum Coverage
$1,000,000+
Estimated Annual Cost
$300 - $1,000/year
$2,800 - $10,000/year
Varies based on your revenue, number of employees, claims history, and specific coverage limits.
Insurance requirements and costs vary by insurer, your business specifics, and local regulations. Always consult with a licensed insurance agent for quotes specific to your situation. This guide is informational only.