Big I Alliance

High-profile product liability lawsuits have been making headlines, pointing to several factors agents should keep in mind when offering product liability.

The business owners policy has eligibility for more than 300 business classes across eight industries, including restaurants, offices, wholesale, habitational and more.

As the frequency and severity of product liability claims continue to rise, the product liability market is facing some challenges.

Extreme weather has been impacting the agricultural industry for years, with crop insurance providing support for many of the losses experienced.

“To me, it seems to be at the center of insuring families,” says independent agent Billy Wagner. “Our goal wasn’t just to sell policies but to facilitate informed purchasing decisions through education and simplification.”

Independent agents can make sure their public entity clients understand their risks and have the insurance protection they need at a price they can afford.

Atlas is able to write businesses with high experience modifications, large accounts, high- to low-hazard solutions, new ventures and businesses with up to a 30-day lapse in coverage.

Couple the unique risk exposures of public entities with continued economic challenges such as inflation and labor shortages, and “Groundhog Day” may be set to continue.

Over the past 20 years, the number of individual specialty crops insured under crop insurance programs increased by 27%, and in October 2023 the USDA announced expanded coverage options for specialty-crop and organic producers.

“The current hard market conditions have been the most challenging hurdles to navigate in over 20 years,” says independent agent Jeff Johnson. “There are so many factors playing into this hard market, which make placing business more difficult than ever b