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Premiums for commercial property and casualty insurance jumped an average of 8.9% in Q2 2023 – marking 23 consecutive quarters of increases.
Looking ahead, policyholders who conduct high-risk operations, have poor loss control practices or are located in natural disaster-prone areas will likely remain increasingly vulnerable to persistent rate hikes and coverage limitations.
Each year, hurricane season presents a significant risk to homeowners. Not limited to coastal areas, hurricanes are dangerous and can cause major property damage due to storm surge, wind damage and flooding. These eight tips can increase your readiness in the event of a hurricane.
Work-related automobile accidents expose businesses to liability risks, legal expenses, lost time, decreased productivity and increased insurance and workers’ compensation rates.
While any business’ relationships can be complex, adding a family dynamic to the mix creates a labyrinth of unique issues and risks to navigate.
Schauer Group recommends the following plan of action to ensure that you remain in compliance with your insurance recordkeeping.