Best Professional Liability Insurance in Florida (2025)

Professional liability insurance (PLI) safeguards businesses from claims like negligence, malpractice or misrepresentation.

Next ranks as the best and most affordable professional liability insurance provider in Florida. With monthly premiums of $253 for LLCs with 20 employees and $46 for sole proprietors, Next offers unmatched value. Alongside cost-effectiveness, Next’s customer satisfaction rating is high, cementing the company as the ideal choice for Florida professionals seeking reliable coverage.

With a MoneyGeek score of 96 out of 100, Next has the overall best professional liability insurance in Florida, thanks to its affordability for both LLCs with 20 employees and sole proprietors. Next’s affordability helped the insurer narrowly beat The Hartford, which also earned a MoneyGeek score of 96. You can compare the scores and costs for all companies on our list using the table below.

Next stands out as the cheapest company in Florida based on its average monthly cost for both sole proprietors and LLCs at $46 and $253, respectively. The Hartford is a close second, with costs of $89 for sole proprietors and $294 for LLCs. Our affordability score combined these costs and found Next the cheapest overall, but this company may not offer the lowest price for both categories.

Thimble takes the lead as the best professional liability insurance for sole proprietors (business owners without employees) in Florida, earning a MoneyGeek score of 96 out of 100 based on affordability and swift quote time. It surpasses Next, which ranks second with a score of 95. Thimble's monthly cost for a sole proprietor without employees is a modest $33, although riskier industries may incur higher charges.

With a MoneyGeek score of 99 out of 100, The Hartford is the best professional liability insurance provider for LLCs with 20 employees in Florida, standing out for affordability, customer satisfaction and extensive coverage options. The Hartford charges an average monthly cost of $294 for LLCs with 20 employees, outperforming biBERK, which ranks second with a score of 97.

It's important to note that the cost of professional liability insurance significantly depends on employee count, meaning businesses with less or more employees could face different costs.

Thimble leads in the fastest quote time for professional liability insurance in Florida, averaging at an impressive 50 seconds. A speedy online quote process is vital for business owners as it saves time and reduces administrative hassle, enabling them to focus on core business operations and make informed decisions. Thimble's efficiency is an asset for busy professionals seeking swift insurance solutions.

In Florida, the average monthly cost of professional liability insurance is $734 for LLCs with 20 employees and $78 for sole proprietors without employees. These costs reflect policies with specific limits: a $1 million per occurrence limit, a $1 million aggregate limit and a $5,000 deductible.

The per occurrence limit is the maximum your insurer will pay per claim. The aggregate limit is the total amount the insurer will pay out during the policy term, usually one year. The deductible is the amount that the policyholder is responsible for paying before the insurance company begins to cover costs.

Compared to other states, the cost of professional liability insurance in Florida is generally higher, both for sole proprietors without employees and LLCs with 20 employees. Check out the table below to compare Florida's insurance costs directly with those of each individual state.

In Florida, the cost of professional liability insurance for each business is shaped by several factors. These factors contribute to the unique risk profile of a business, influencing the premium rates:

Although not legally mandated for most businesses, professional liability insurance offers financial protection for claims related to error, negligence or misrepresentation. For high-risk industries in Florida such as health care and law, a specific form of professional liability insurance may be required by law or industry standards.

• Medical malpractice insurance: Health care providers in Florida are generally required to maintain medical malpractice insurance or demonstrate financial responsibility to cover potential claims. This includes most doctors and hospitals, though some part-time physicians may be exempt. This requirement aims to ensure that medical professionals can financially compensate patients for harm resulting from malpractice.

• Legal malpractice insurance: Although legal malpractice insurance is not required by law for lawyers in Florida, it is highly recommended. Legal malpractice can result in significant financial losses for clients, and having insurance ensures that attorneys can meet these potential liabilities.

Navigating professional liability insurance in Florida doesn't have to be difficult. Read on to clear up uncertainties, pinpoint the top providers, explore the extent of coverage and unpacking the associated costs.