As losses occurred heavily in 2017 in the area of P&C coverage, Insurance premiums are bound for increases as the companies try to get a hold of major loss impacts.
Underwriters are feeling tremendous pressure to make up for these impacts, as this will make the market uneasy but is unavoidable buyers are encouraged to start cataloging positive differentiators of their risk… which isnt a bad idea as mentioned in the Insurance Journal article above.
How will these increases change the way your business is operating?
Is it time to shop around your insurance policy? or time to study it and make sure your not paying too much by being over insured?