Find Secret Strategies Commercial Property Insurance Brokers Swear By

Real-World Data and Examples

According to the Insurance Information Institute, commercial property insurance premiums have seen a steady increase over the past few years due to rising construction costs and the frequency of natural disasters¹. By understanding these trends, brokers can advise businesses on when to lock in rates or adjust coverage levels to mitigate potential premium hikes.

For example, a broker might recommend adding a Business Interruption Insurance clause to a commercial property policy. This coverage can be crucial in compensating for lost income during a period when a business is unable to operate due to a covered loss. Such strategic additions can provide a financial safety net and peace of mind.