Here Is What To Watch For In 2015
2015 is here and even though your Georgia business insurance may not renew for a number of months, now is the time to start your Georgia business insurance and risk management planning. For Georgia commercial insurance buyers, market conditions will generally be favorable. Here are a few of the hot trends for 2015.
Georgia Commercial Insurance Pricing
Commercial insurance rates will likely decline for most industries. Remember that your premiums are based on sales, payroll, and property values; therefore your final premiums will reflect all these factors.
Coverage Trends For Commercial Insurance
Cyber liability continues to be a hot topic, especially after all the data breaches in 2014. Most small businesses have a greater chance of having a cyber-loss than they do a fire. Also getting a lot of press is employment liability. Small businesses are exposed to increased litigation from employees. Finally, environmental liability claims have increased 30% over the past number of years.
Weather Claims
If Mother Nature decides that 2015 is going to be a tough year, expect rates to increase rather quickly. However, if we have a mild year, rates may stay low.
Health Insurance
For many small businesses and individuals, navigating the health insurance maze will be a challenge. The cost of small group health insurance is becoming unsustainable for small businesses, startups, and small non-profit organizations.
Established in 1981 and located in Roswell, Georgia, Allen & Furr Insurance is dedicated to providing excellent service and competitive pricing but most importantly, professional analysis of the insurance needs of our clients. Our state of the art computer network allows us to make rate comparisons with several insurance companies to ensure that our clients receive the best we have to offer. We can help you with all your insurance need