We Don’t Use A Crystal Ball To Predict The Future

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Here Is What To Watch For In 2015

2015 is here and even though your North Bay business insurance may not renew for a number of months, now is the time to start your insurance and risk management planning. For commercial insurance buyers, market conditions will generally be favorable. Here are a few of the hot trends for 2015.

North Bay Commercial Insurance Pricing

Commercial insurance rates may decline for some industries. Remember that your premiums are based on sales, claims, payroll, and property values; therefore your final premiums will reflect all these factors.

Coverage Trends For North Bay 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.

No matter what business you’re in, each workday is dedicated to doing your job well and providing your customers with the best service possible. North Bay Insurance Brokers, Inc. would like to return the favor by giving you the coverage you need to ensure the security of your business.

North Bay Insurance Brokers, Inc. provides insurance to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.