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Featured Story

Why Commercial Insurance Rates are Rising and What We Can Do About It

Why Commercial Insurance Rates are Rising and What We Can Do About It

By: Andrew Belcher, Production Underwriting Team Leader Commercial insurance rates rose in 2020, and this upward trend in pricing is projected to continue through 2021 and even into 2022. While many of the causes are beyond our control, both brokers and insureds can take some smart actions now to adapt, remain insured and help level out these rates in the future. What’s Going on and Why? The pandemic shook up most industries over the past year, but it really exacerbated pre-existing issues within the insurance marketplace. Prior to 2020, our industry was grappling with social inflation, a sustained low interest… Read more »

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