Over the past decade, auto insurance rates have increased steadily, well exceeding the rate of inflation over the same period. But what’s driving this upward trend? Explore factors that have significantly impacted the rates for commercial auto. 1. Bodily Injury Loss Costs In the five-year period from 2018 to 2022,
The insurance industry often talks about “customers of tomorrow” – but tomorrow is already here, says Martyn Mathews, managing director of SSP Broker. Young people form perceptions of insurance well before they buy their first policy, and what they think now will shape how they engage with our sector in
You own a business and you’ve worked hard to get it where it is today. To protect your business, you likely already have a business insurance policy. You may have heard of a commercial umbrella insurance policy but aren’t sure if you need one, or what it even is! In
What Cybercriminals Don’t Want You to Know Thieves are working extra hard this tax season to steal your information and access your accounts. These cybercriminals use email and phone scams to trick taxpayers into revealing valuable information. In a tax safety article, “Don’t take the bait”, the Internal Revenue Service (IRS) says,
As regulatory scrutiny intensifies, the ability to demonstrate financial control and system integrity can provide brokers a tangible competitive advantage, argues Chris Stout, a director at PKF. Technology has helped many broker leadership teams deliver growth and differentiate themselves in a competitive market. Yet, all too often, management teams do
Oh no! It’s nearing the end of another year of commercial insurance, which means another premium audit needs to be completed. You start to panic. Do you have all the right documents? Will the process take a long time? Despite their intimidating reputation, premium audits don’t have to scare you.
After a disaster, fraudsters and scam artists often arrive quickly. The Iowa Department of Insurance and Financial Services has 10 tips for how to protect yourself and your hard-earned money. Contact your insurance agent or insurance company representative about your options for filing an insurance claim. Your insurer will inspect
You can get your jewelry insured in one of two ways: through your property insurance or through a specialized jewelry insurer. If you go through your home, condo, or renters insurance, you should “schedule” your jewelry (also known as adding a rider to your policy) to make sure the piece
Welcome to the right place to learn everything you need to know about insurance premiums, insurance deductibles and limits! Let’s get right to it. What is an insurance premium? Your insurance premium is what you pay monthly, quarterly, semi-annually or annually, depending on the billing option you selected, for your insurance
Homeowner’s insurance, car insurance, health insurance — for most Americans, these policies are no-brainers and renter’s insurance should be too. But according to a poll conducted for the Insurance Information Institute (III) only 65 percent of renters have insurance. Millennials were even less likely to be covered, with 72 percent
