Commercial Lines

Defending the cost of a media liability suit can be financially devastating for a company. Its never been more important for agents to work with clients to identify potential areas of risk.

“We will see new trends as businesses continue to be creative to generate revenues,” says independent agent David Hanley, “which in itself will create new exposures resulting in new insurance products.”

Excess liability insurance has always had low rates and excess capacity, but 2020 has brought a hardened market that is expected to continue through at least the next 18 months.

More and more content is being created by social media influencers, many of whom are unaware of the extent of their liability exposure.

The product focuses on defamation, libel and slander, infringement of copyright and trademark, as well as other content-related exposures for small to medium-sized enterprises.

The hardening of the commercial umbrella market has occurred rapidly over the past year, and the impact may be felt for the next 18 months or more.

“If you write commercial insurance, you have to be involved in all aspects of it if you’re going to do right by your client,” says independent agent Fred Wittenbaum. “It’s all part of tailoring the program to the best interest of the client.”

Agents can play a key role in ensuring clients place their risks successfully in a hard commercial umbrella market. Here are four tips to help clients get the coverage they need.

Umbrella policies and what they cover can be somewhat of an enigma. This article explains exactly what a commercial umbrella policy covers.

The RPS U.S. Transportation Market Outlook examines industry factors such as rates, trends, gaps in coverage and the impact of COVID-19 on the trucking industry.