Remove Business Insurance Remove Commercial Remove Workers Compensation
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

points year-over-year improvement, with commercial lines continuing to outperform personal lines. Commercial lines underwriting profitability remained mostly flat. Commercial lines underwriting profitability remained mostly flat. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 represented a 2.3-points

article thumbnail

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Let’s explore the pivotal questions to ask when choosing your business insurance coverage. Understanding your business needs Image courtesy: Unsplash Before diving into the vast world of business insurance, it’s essential to pause and assess your company’s unique needs.

article thumbnail

Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Why it’s critical in California : Earthquakes and wildfires are common threats, making comprehensive property insurance a must for California-based businesses. WorkersCompensation Insurance California law requires businesses with employees to have workerscompensation insurance.

article thumbnail

Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation

Triple-I: Workers Compensation

“The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” With these benefits, the group captive model can help to control spiraling litigation costs.

article thumbnail

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

While market capacity for property, commercial general liability, product liability and workerscompensation coverage has expanded – these policies remain more expensive than the same coverage purchased by similar companies in other industries.

Risk 40