March 21, 2021
A Hard Market, What Does That Mean?
Along with crazy times in our world, we are in the midst of some crazy times in insurance. In many lines of coverage on the business insurance side of the house, we are in what is referred to as a “hard market.” This means more often than not, increased premiums – two words our insureds never want to hear. Directors & Officers Coverage, Employment Practices Liability, Medical Professional Liability, Business Auto, Property, Umbrella – truly seeing increases on average of 15% + across the board as rates go up. We expect this trend to continue on well into 2021. A hard market can also … Continue reading