What is a hard market in business insurance?

What is a hard market in business insurance?

You may have received your business insurance renewals recently and the premiums are up - maybe even up significantly.

You call your agent and ask why, and they answer “Well, it’s due to the hard market" - there’s really nothing we can do” You ask yourself what is a hard market?

That doesn’t mean a lot to you and it probably even frustrates you. So, now you’re online trying to learn what is a hard market, why it happens, and what you can do about it.

I’m going to answer those questions and give you some direction and advice on how to handle this.

Look, business insurance is complex enough and the hard market we're in right now is making everyone's life more complex and difficult. If you're not getting the answers, solutions or strategies from your current broker to deal with this, then maybe it's time for a new broker.

Have other questions not been answered here?

To book a call with me, click this link: https://thecoylegroup.com/book-call/

Gordon B. Coyle, CPCU, ARM, AMIM, PWCA
The Coyle Group
https://www.thecoylegroup.com
845-474-2924
[email protected]

https://thecoylegroup.com