Contractors Insurance in Florida

Contractors in the state of Florida have to deal with two different levels of licensing. Contractors who will be working at the local level must become “registered” and contractors working statewide must become “certified”. Regulating contractor licensing is handled by Florida’s Construction Industry Licensing Board. This board falls under the Division of Regulation which is part of Florida’s Department of Business & Professional Regulation. To determine which type of licensing your contracting business will require, all of the information you’ll need can be found on the Florida Department of Business & Professional Regulation website.

The workers’ compensation requirements in Florida are as follows:
Construction businesses with one or more employees and non-construction industry employers with four or more employees (full-time or part-time, including corporate officers and LLC members) must carry coverage.

If you are a subcontractor, you should purchase your own individual workers’ compensation policy or you will need to be added to the General Contractor you are working for. Workers’ comp can be purchased from a private commercial insurance provider licensed by the state. Information about workers’ compensation insurance in Florida can be found on the Florida Chief Financial Officer’s website.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Contractors operating in Florida stay busy as the state is under continuous growth. Florida contractors should mitigate their risk of third-party claims by purchasing an affordable comprehensive commercial insurance package from Fairbanks Insurance Brokers.

Here is What We Recommend:

General Liability

Having General Liability insurance from Fairbanks Insurance Brokers places a financial hedge around your business that protects your company with the following coverages:

  • Your liability resulting from bodily injury or property damage
  • Contractual Liability for third parties
  • Products Completed Operations
  • Defense costs

Workers' Comp

Since the state of Florida requires proof of workers’ compensation coverage from every contractor, you should consider Fairbanks Insurance Brokers your number one resource to make certain your workers’ comp policy is written using the proper classes so that the premiums you pay are based on your company’s actual risk.

Commercial Auto

Contractors in Florida use several types of vehicles and trailers for their business operations and as such, they need commercial auto insurance because this coverage offers higher limits of liability, no limit on the number of vehicles on a policy, and no limit to the number of drivers to be insured.

Tool Coverage

Most contractors use expensive tools and equipment in the course of operating their business. The loss of tools and expensive equipment can be financially detrimental to any contractor so it’s important to transfer the risk of damages or theft to a highly-rated insurance company. It’s important to note that this coverage protects your tools and equipment in storage, in transit, and at the job site.

Surety Bonds

Many licensing boards require a surety bond before a license is granted and most large customers and governmental organizations require a bond just to bid on a project. Fairbanks Insurance Brokers can meet your surety needs no matter what the requirement is. We represent multiple national bonding companies and can manage your bonds at a very affordable rate.

Fairbanks Insurance Brokers is a leader in providing contractors insurance and is dedicated to providing Contractors and Builders the finest insurance protection at the lowest rates throughout the construction community.

With savings up to 65% on General Liability, Workers’ Compensation, Commercial Auto and Bonds, you can count on us to do the heavy lifting and provide you the most competitive quote that includes all the discounts for which you qualify.


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