Markets

As car thefts become more frequent and sophisticated, independent agents play a crucial role in helping clients understand their risks and ensuring they have adequate coverage.

With factors such as an aging workforce and economic fluctuations pushing material and wage costs higher, agents can help their clients purchase adequate builders risk coverage.

“Although we may be coming out of one of the most difficult periods in insurance history, some areas might still see increasing premiums for another 12-18 months,” says independent agent Guffy Wright. “Factors like claim volume, social inflation, weather patterns and fraud will continue to play major roles.”

Extreme weather events continue to present difficulties in the agricultural sector, and farmers are finding themselves in dire financial straits and at risk of losing their livelihood.

After Hurricane Helene, it became apparent that few farmers in the disaster areas had crop insurance. Here’s how agents can highlight the benefits of this essential coverage.

As homeowners premiums increase agents can help create understanding through education on why costs are up and what coverage options are available for their clients.

The program includes a suite of commercial inland marine and general liability products, as well as additional optional coverages to meet unique exposures within the entertainment space.

Seventy-three percent of independent insurance agencies saw an increase in their agency errors & omissions renewal premium in 2024.

It’s important that homeowners who undertake home improvements talk to their agent about what they’re planning to do or what they have done to better understand how that affects their insurance premiums and coverage.

“A home is a major financial investment for most people and if something bad happens to it, inadequate insurance can ruin their financial lives,” says independent agent Kelley Kimble. “As a homeowner myself, the adequacy of the policy is the greatest factor in my purchasing decision.”