Commercial Lines

The Wright Specialty Education Insurance Program, offered in conjunction with Munich Re, delivers a broad range of property-casualty coverages for schools, colleges and universities.

The Vacant Building Insurance product provides competitive, flexible coverage to protect building owners from a myriad of risks.

Commercial insurance buyers will feel the effects of the firming property market this year, according to the 2021 U.S. Property Market Outlook by Risk Placement Services. Rate increases up to 15% or higher are expected in the first half of the year.

While hard market conditions continue within the trucking industry, clients continue to shop around for better rates. Here are three ways to assist clients in getting the best rate and coverage to meet their needs.

Clients may look to reduce coverage with product liability market pricing expected to continue hardening in 2021. Here are four coverages agents should consider offering to ensure their clients are adequately insured.

Agents should continue demonstrating high levels of agility and work with carriers to help commercial clients through the unique challenges this year will bring. Here are three ways to set your commercial clients up for success.

A pool contractor is insured on a commercial general liability occurrence form and is selling the business. If they cancel the CGL and a claim arises in 2021 but the pool was built in 2020, would the 2020 policy respond?

An insured lost income due to an ice storm. Their commercial property policy has an enhancement for business income and extra expense. The claim was denied as coverage isn’t “included in the policy.”

The trucking industry is leading the charge in quelling consumers appetites for critical goods during the coronavirus pandemic. As more people work from home and consumer demand continues, could the industry be poised for success in 2021?

“Historically, trucking was a high initial investment and a sophisticated industry to enter,” says independent agent Kelley Culley. “But in the past few years, many of those barriers to entry have dissolved.”