Business

Inflation affects nearly every component of the insurance industry. Higher costs for building materials, labor, equipment and transportation mean claims are more expensive to settle than they were just a few years ago. As a result, insurers are raising premiums to offset these rising expenses and maintain financial stability. Florida businesses face additional pressures due to the state’s exposure to hurricanes, severe storms, and supply […]

Natural disasters can strike with little warning, leaving businesses scrambling to recover from physical damage, financial loss and operational disruption. Many business owners assume their commercial property insurance automatically covers all types of natural disasters, but that’s not always the case. Standard policies typically cover damage from fire, wind, and hail, but may exclude major events such as floods, earthquakes, or […]