51³Ô¹ÏºÚÁÏÍø

The construction sector in Florida is booming. More than 670,000 people work in this industry—100,000 more than two years ago, according to the U.S. Bureau of Labor Statistics. With rising wages and growing opportunities, more experienced workers are choosing to become independent contractors.

However, construction is one of the most dangerous industries. Nationwide, over 53,000 accidents and 356 fatalities were reported in construction between 2017 and 2021.

To operate legally and protect themselves from potential risks, contractors in Florida must have certain mandatory and recommended insurance policies.

Mandatory and Recommended Insurance for Contractors

• General Liability Insurance
  Florida law requires contractors to obtain general liability insurance at least 30 days before acquiring their license. This coverage protects against third-party claims for injuries or damages occurring on the job site.
• Property Damage Liability Insurance
  If a contractor accidentally damages a client’s property or that of a third party, this insurance covers repair or replacement costs.
• Workers’ Compensation Insurance
  This insurance is mandatory for contractors with employees and highly recommended even for those who work independently. It covers lost wages, medical expenses, and rehabilitation in case of workplace injuries. It also protects contractors from lawsuits related to on-the-job injuries.
• Professional Liability Insurance
  If a client suffers losses due to errors or negligence in the contractor’s work, this policy protects against claims and lawsuits.
• Commercial Equipment Insurance
  Contractors rely on expensive tools and machinery that can be damaged, stolen, or lost at the job site or in transit. This insurance compensates for the repair or replacement of affected equipment.
• Commercial Property Insurance
  If a contractor owns an office or warehouse for business operations, this policy protects the premises and its contents. It is often included in a Business Owner’s Policy (BOP) along with general liability insurance.

Protect Your Investment and Work with Confidence

Getting a contractor’s license is not enough—having the right insurance is key to financial protection and operating with confidence. If you want more information on the required policies and the best coverage for your business, contact 51³Ô¹ÏºÚÁÏÍø specialists today and get the best insurance at the best price.