“Most insurance companies consider general liability the cornerstone line of business for an account,” says independent agent Brad Berrong. “Normally, if a company does not consider this type of exposure, it will not accept other lines of insurance for that account.”
Consumer litigation activity continues to impact the market adversely, with third-party funding driving additional litigation costs, higher settlements and higher premiums.
As breweries and wineries go green, agents need to translate sustainability initiatives into clear underwriting conversations and protection strategies.
As trusted advisors, agents can identify the trends in specific types of professional services, understand the risks and translate them for their clients
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 This, coupled with fewer and outdated IT resources, makes the likelihood of a cyber attack higher.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.
