: Protects against lawsuits involving bodily injury, property damage, or advertising injury (libel/slander).
: A legal requirement in most states to cover medical bills and lost wages for work-related injuries.
: Review recent J.D. Power rankings for small business satisfaction and claims experience. Strategies for Reducing Premiums Commercial Insurance | The Hartford COMMERCIAL INSURANCE COMPANIES
: Nonprofits are facing significant hurdles; approximately 70% of brokers report that carriers are non-renewing certain classes of nonprofits regardless of their loss history, often with premium increases of 25% or more .
: The NAIC market average is 1.0 . A score below 1.0 indicates the company receives fewer complaints than the average carrier of its size. Power rankings for small business satisfaction and claims
The commercial insurance market as of 2026 is characterized by a "hard market" transition, where pricing has exceeded loss costs in most lines over the last five years, though liability and medical malpractice remain challenging. Businesses are increasingly leveraging the Excess & Surplus (E&S) market , which has doubled in size since 2018 to fill coverage gaps left by traditional carriers.
: Essential for managing costs related to data breaches, extortion, and cybercrime. A score below 1
: Protects against negligence in professional services, even if no actual mistake occurred. Selecting and Evaluating a Carrier