I have lost count of how many quarters in a row commercial insurance rates have increased. As you will see in the article below, they are up another 4% in Q1 2023.
I met with a potential client the other day who is in Florida, and he has had a 250% increase year to year. Of course, a lot of that has to do with carriers pulling out of his state, but it is still something we all need to watch.
With captives being a great cost-effective risk management tool for business owners, they can help provide supplemental insurance coverage and reduce costs.
If you have any questions about implementing a Captive,
call me directly or visit our Captive 101 section on our website by
Clicking Here.
Sincerely,