Question 1

How much does trucking insurance cost in Florida?

Accepted Answer

Florida trucking insurance is among the most expensive in the nation. Owner-operators pay $8,000–$15,000/year for liability coverage. Small fleets (5-10 trucks) pay $50,000–$150,000/year. The main cost drivers are driving record, cargo type, radius of operation, and location within Florida. South Florida is 20-30% more expensive than North Florida. Nuclear verdicts have pushed Florida trucking premiums up 15-25% since 2020.

Question 2

What are FMCSA insurance requirements for Florida truckers?

Accepted Answer

FMCSA requires all interstate carriers to maintain minimum liability coverage: $750,000 for general freight, $1,000,000 for oil transport, and $5,000,000 for hazardous materials. These federal requirements supersede Florida's lower state minimums. Carriers must file proof of insurance (Form BMC-91) with FMCSA. Failure to maintain required coverage results in immediate operating authority revocation.

Question 3

Do Florida owner-operators need workers' comp?

Accepted Answer

Florida requires workers' compensation for construction industry workers (including trucking subcontractors on construction sites) with one or more employees. For non-construction trucking, the threshold is four or more employees. True sole proprietor owner-operators with no employees are generally exempt, but many motor carriers require owner-operators to carry occupational accident insurance as a contract condition.

Florida Trucking Insurance | RISKX