Commercial Lines

The program offers a property and general liability package through their Franchise Hotel Program.

In 2021, the Great Reopening brought with it a return of the auto errors & omissions claim. Swiss Re received 183 of them last year and 2022 is on track to surpass it.

Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.

Coverage includes finished goods and beer aging in barrels that are valued at selling price.

As premiums increase, carriers implement more stringent underwriting requirements, and inflationary pressures increase overheads, it all may prove too much for some businesses.

“Directors & officers insurance is the only policy that can adequately protect board actions,” says independent agent William Simons. “The decisions and actions board members take are their personal responsibility.”

As capacity returns and rate increases decelerate, D&O market conditions have improved. However, agents need to remain diligent.

The personal and commercial property insurance market faces supply chain disruptions, inflation and an increase in extreme weather impacting clients’ builders risk coverage.

The updated supplemental health insurance policies offer greater benefits when an insured person experiences the challenges of extra costs that occur from a covered event.