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As Business Insurance Costs Rise, It's Time to Consider Alternatives

11.11.2020

Global commercial insurance pricing increased 20 percent in the third quarter of 2020, according to Marsh's quarterly Global Insurance Market Index, a measure of global commercial insurance premium pricing change at renewal. In some cases, our experts have seen increases of up to double the expiring premiums.

Even before the COVID-19 pandemic, the insurance market was hardening. Companies are facing drastic insurance cost increases, including D&O, property and umbrella. This "hard market" is something many current C-Suite leaders have never experienced.

We can help. We can give you an independent insurance assessment to help you develop and evaluate alternatives for controlling your insurance costs. 

Independent Insurance Consultant Bill Goddard has navigated through hard markets before. With more than 40 years of experience, Bill has helped C-Suite executives evaluate insurance options and has provided guidance on the most cost-effective solutions to fit clients' needs.

Contact us today to start mitigating your insurance costs. For more information on independent insurance consulting, please reach out to Bill Goddard at bgoddard@bswllc.com or 314.983.1253.

Click here to read past thought leadership on how to combat increasing insurance costs or insufficient coverage.

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