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What are the predictions for your Commercial insurance rates for 2018?

It's that time of year we all hold our breath to find out what our new rates will be for 2018. Weather it is your health coverage or business coverage it always seems to increase! Here are some predictions from Willis Towers Watson, The Marketplace Realities.


Non-cat risks: Flat to +5%

Cat-exposed risks: +10% to +20%

Cat-exposed with losses: +20% to +25%


General liability: Flat to +3%

Umbrella: Flat to +3%

Excess: Flat

Workers comp: –2% to +2%

Auto: +3% to +8%

International: –10% to –5%; –5% to flat for Defense Base Act coverage

Executive Risks

Directors and officers: –7% to flat

Errors and omissions: Flat to +5% (good loss experience)

Employment practices liability: Flat to +5%; +5% to +15% in California

Fiduciary: –5% to +5% (flat to +12% for large concentrations of stock in benefit plans



–3% to +5% (non-POS retailers and non-large health care); competitive for first-time buyers

Political Risk

Most risks: –2% to flat

Active hot spots: Capacity limited


Non-tier 1: –5% to flat

Tier 1: Flat



Cargo, Hull: Flat to +10%

Liability: –5% to +10%

Is there anything you can do to help keep your rates manageable? Here are a few of my suggestions.

Manage your claims before they occur by instituting additional policy like pre-hire screening options. Actively promote safety programs and get back to work program. Utilize your carriers risk control services to help identify potential hazards. Anytime you can reduce or eliminate claims your rates will reflect this. If you have not checked around for comparative quotes in a while call me for a review.

However, there are factors that we cannot control. Things like the recent fires in California, hurricanes, and unforeseen legal or regulator actions that could suddenly add exposure and expense that are out of our control.

If you would like to review your insurance please call me at 913-948-6575.



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