Markets

Policyholders can choose from various deductible and co-pay options to balance upfront home insurance costs with long-term savings.

Accounts receivables insurance offers small and medium-sized businesses a critical tool to protect their cash flow and provides financial stability while pricing pressures are difficult to control.

The coverage is designed for a broad range of commercial properties that require substantial limits beyond traditional primary layers.

Midsize companies are often targets due to having lower budgets for cybersecurity than their larger counterparts. This, coupled with fewer and outdated IT resources, makes the likelihood of a cyber attack higher.

“The real estate insurance market is going through significant changes,” says independent agent Stephen Turnbull. “Rising construction costs and inflation have made it more expensive to rebuild properties, leading to higher replacement cost values and increased premiums.”

As catastrophes, social inflation and other challenges force admitted carriers to become more risk-adverse, the excess & surplus market is anticipated to grow.

Independent insurance agents can leverage their carrier relationships to provide reliable and tailored coverage for marine clients.

The hard market is among the causes of the growth of the excess & surplus market, which had previously been considered a safety valve.

The coverage allows small business owners with multiple locations to easily secure coverage through a single policy.

Despite the softer market conditions, the marine insurance industry—marine cargo, inland marine, and marine hull and liability—continues to be impacted by evolving trends.