4 Reasons Your Insurance Price Went Up

SHINE INSURANCE | March 20, 2018

article image
One of the most common reasons your premium goes up is because of a rate change. But while this might seem fairly straightforward, you still deserve to know what actually factors into these rate changes. The key is understanding the insurance renewal process. Obviously, a renewal marks the end of one policy term and the start of another. It’s also when you’ll receive a new set of insurance documents. Many people just glance over these documents. The digital age version of ‘signing on the dotted line’ but this isn’t really the best idea.

Spotlight

Berkley One

Berkley One is a new personal insurance provider for those who have attained more in life and want even more out of life. Our team members come from some of America’s top insurance companies with a shared ambition: to find better ways to meet the evolving insurance needs of people with full, busy, adventurous lives. We’ve dedicated our best ideas and focused our careers on making personal insurance more flexible, more customizable and more convenient.

OTHER ARTICLES

The Impact of InsurTech on the Property/Casualty Sector

Article | February 20, 2020

The latest figures from a Willis Towers Watson report shows that investment in insurance technology, or InsurTech, reached an all-time high in 2019 at $6.37 billion, with funding in the Property/Casualty sector representing the lion’s share over its Life/Health counterpart. InsurTech is designed to disrupt and change the way the insurance distribution system conducts business, upping the game in delivering tailored product lines, reducing friction in client transactions, providing a better on-line customer experience, and assessing risk scenarios to provide new offerings.

Read More

6 mistakes small business owners make when filing insurance claims

Article | March 4, 2020

Failing to contact your business insurance provider immediately after an accident, not documenting property damage, and admitting fault for an incident can affect your claim amount or whether you’ll be covered at all. Risk comes in many forms for small businesses. Natural disasters, client injuries, and equipment failure can all impact your bottom line. Commercial insurance is essential to managing a small business’s risks. Your general liability insurance premiums will be well worth it if a visitor sues your business over an injury that occurred at your office.

Read More

Does Business Interruption Insurance Cover COVID-19 Closures?

Article | April 2, 2020

Our clients are asking us: Do commercial property and, specifically, business interruption insurance policies provide coverage for COVID-19-related losses? As discussed below, it is critical that you promptly review your company’s policies, exclusions and relevant endorsements to evaluate whether your business has coverage in the wake of COVID-19. If appropriate, you should make a claim with your insurance carrier.

Read More

Covid-19 will make cyber and digital insurance policies more relevant than ever

Article | April 17, 2020

Kennedy's Elizabeth Bardsley discusses the risks brokers need to be aware of as more and more professionals work from home as a result of the coronavirus pandemic. As the insurance industry continues to grapple with the Covid-19 pandemic, many have begun to give thought to what lasting changes will stay with us once the crisis has passed. For example, attitudes towards flexible working are expected to permanently change as more and more professionals work from home. And in a similar vein, we are likely to see a significant impact on the popularity of cyber and digital liability policies.

Read More

Spotlight

Berkley One

Berkley One is a new personal insurance provider for those who have attained more in life and want even more out of life. Our team members come from some of America’s top insurance companies with a shared ambition: to find better ways to meet the evolving insurance needs of people with full, busy, adventurous lives. We’ve dedicated our best ideas and focused our careers on making personal insurance more flexible, more customizable and more convenient.

Events