3 Ways Agents Can Add Value Amid Rising EPLI Rates
Many businesses are cautious heading into the economic headwinds of a recession and may drop coverage to save money, making selling EPLI even more challenging.
Many businesses are cautious heading into the economic headwinds of a recession and may drop coverage to save money, making selling EPLI even more challenging.
“Not all EPLI policies are created equal,” says independent agent Christopher Paradiso. “It is so very important that we can educate our clients to make sure we are helping them make the best decision with the right carrier.”
Employers continue to deal with EPLI concerns relating to the impact of COVID-19, as well as increased legislative activity at both the state and federal level.
Wildfire activity has become more extreme and destructive, with more record-breaking fire events in terms of the number of structures lost and acres burned in a single event.
Growth drivers in the MGA space included the strong rebound in the U.S. economy following the coronavirus pandemic and a continued broad-based rise in premium rates.
Despite 30% of small businesses experiencing a premium increase, customer satisfaction with the price of their policies rose three points in 2022.
Adroit General Agency provides coverage for larger mid-market employers with high-severity workers compensation exposures.
As the restaurant industry rebounds, the creative ways restaurateurs used to sustain revenue during the coronavirus pandemic may be opening them up to new exposures.
The suite provides financial fidelity insurance solutions that complement a financial institution’s management and professional liability program.
The report points to independent agencies’ dominance in commercial lines, with nearly 88% of all commercial lines written premium placed by the independent agency channel.