Macclenny, Jacksonville, Lake City Contractors Insurance

Macclenny, Jacksonville, Lake City Contractors Insurance

Insurance for Contractors and Construction Companies in Florida

Florida’s booming construction industry—from high-rise developments in Jacksonville to residential expansions in Lake City—offers tremendous opportunities. But it also comes with high risks. That’s why contractors and construction companies in Florida need comprehensive insurance coverage to protect their people, property, and reputation.

Why Insurance Is Essential in Florida’s Construction Industry

Florida’s unique environment—extreme weather, coastal risks, and dense urban areas—makes construction especially vulnerable. In addition, the state has one of the highest rates of litigation in the U.S., making liability protection critical. Insurance doesn’t just manage risk; it’s often a legal and contractual requirement.

Contractors Insurance Coverages in Macclenny, Jacksonville, Lake City

Key Insurance Policies for Florida Contractors

Here are the essential insurance types contractors and construction businesses should carry in Florida:

1. General Liability Insurance

  • What it covers: Bodily injury, property damage, legal fees, and third-party claims.

  • Why it matters: Required by many clients and government projects in Florida. It protects against common on-site accidents and lawsuits.

2. Workers’ Compensation Insurance

  • Required by law: In Florida, any construction business with 1 or more employees (including the owner) must carry workers' comp.

  • Covers: Medical bills, lost wages, and rehabilitation costs for job-related injuries.

  • Note: Failure to maintain workers’ comp can result in heavy fines or stop-work orders.

3. Commercial Auto Insurance

  • Covers vehicles used for business operations, such as trucks, vans, and equipment haulers.

  • Florida law mandates a minimum level of coverage, but contractors typically need higher limits for full protection.

4. Builder’s Risk Insurance

  • Protects buildings under construction against damage from fire, theft, vandalism, and weather events.

  • Highly recommended for Florida, especially during hurricane season.

5. Professional Liability (Errors & Omissions) Insurance

  • Important for design-build contractors or those offering consulting services.

  • Covers claims of negligence, design flaws, or project management errors.

6. Tools and Equipment Insurance

  • Also called Inland Marine Insurance.

  • Covers tools and mobile equipment while in transit or on job sites.

7. Surety Bonds

  • Often required for public construction jobs.

  • Guarantees project completion and payment of subcontractors and suppliers.

Insurance Requirements by Florida Law

Florida’s Department of Financial Services and Construction Industry Licensing Board have strict insurance requirements, including:

  • Workers’ Compensation: Mandatory based on employee count.

  • General Liability: Often required to obtain or renew a contractor’s license.

  • Contract Bonds: Required for public jobs and sometimes private contracts.

 

At Davis & Davis Insurance, we have the licensed agents that listen to your risks and develop insurance solutions to fit your industries needs. So, contact us to find out more about your contractors insurance in Macclenny, Florida including the Callahan, Gainesville, Green Cove Springs, Tallahassee, and Valdosta areas.