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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical.

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Business Owner’s Policy for Restaurants

Distinguished

This type of insurance is especially valuable for restaurants looking to simplify their coverage without sacrificing protection. What is a Business Owners Policy (BOP)? A Business Owner’s Policy (BOP) is a business insurance product that combines necessary coverages for small business owners into one convenient policy.

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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

Noteworthy 2024 performance indicators: The disparity in profitability between personal and commercial lines diminished, with both segments achieving an NCR below 100 for the year. Personal auto insurers reported a 2024 NCR of 95.3, marking a considerable 9.6-point point year-over-year improvement. percent in 2023 and 12.8

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

Kurtz – a principal and consulting actuary at Milliman – elaborated on profitability concerns within commercial lines. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 Commercial auto expectations are worsening and continue to remain unprofitable through at least 2026,” he said.