What Professional Liability Rate Increases Really Say About a Carrier

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No one likes seeing insurance premiums jump, especially for a business necessity like professional liability coverage. Yet, we all know rate hikes are a reality in a hardening market, even if they’re tough to swallow or sell to clients. That doesn’t mean you should accept them blindly. It does mean you should look closer and think about what a carrier’s approach to rate says about their business. (Hint: If a carrier is not raising rates right now, it’s a red flag.)

In this article for PropertyCasualty360, PUA Program Director Sandip R. Chandarana offers valuable perspective on professional liability carriers who are pushing rate in today’s market — and how agents can avoid costly missteps.

Read the full article here.