Skip to main content
Category

Insurance Update

Oct 21

Late 2024 Trends in Commercial Risk and Employee Benefits

By Business Insurance, Employee Benefits, Insurance Update
As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings.
Read More
Jan 05

Navigating 2024: Market Forecast and Emerging Trends with Kapnick Insurance

By Insurance Update, Market Forecast
In the ever-changing market landscape, new opportunities and challenges emerge each year, making it crucial for leaders to have the necessary tools to navigate uncharted territories. With this objective in mind, we crafted the 2024 Market Forecast to provide you with valuable insights. This forecast is not a mere report; instead, it serves as a powerful tool in the hands of visionary leaders, enabling you to mold your organization’s future. Click here to access the full report, or read on for a brief overview of the trends we're expecting in 2024.
Read More
Nov 22

Rising Commercial Insurance Rates: Strategies to Manage Costs

By Business Insurance, From the Experts, Insurance Update
According to Ivan's Index for the third quarter, rising commercial insurance rates were observed across all primary business lines, except for workers' compensation. Key trends include: Commercial Auto: ⇑ 7% (6.5% in Q3 2022) Business Owner’s Policy: ⇑ 7.74% (7.56% in Q3 2022) General Liability: ⇑ 5.43% (5.21% in Q3 2022) Commercial Property: ⇑ 10.08% (9.77% in Q3 2022) Umbrella: ⇑ 5.29% (5.12% in Q3 2022) Workers' compensation was the only line to see a decrease, with rates dropping by roughly 1%. Decoding the Drivers Behind Rates Several factors contribute to rising commercial insurance rates: Economic Factors: Inflation and economic growth increase exposures, driving up premiums.…
Read More
Aug 22

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

By Business Insurance, Insurance, Insurance Update
Navigating the intricate landscape of the manufacturing industry, especially when it comes to risk management, requires a deep understanding and specialized coverage solutions. Here's where Kapnick Insurance shines. As part of our ongoing commitment to provide industry-specific insights, we're excited to share our 2023 Manufacturing Benchmark Report.
Read More
Jul 31

Unlock Insights with Our 2023 Construction Benchmark Report

By Business Insurance, Insurance, Insurance Update
As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…
Read More
Jan 20

7 Simple Strategies For A Safe and Secure Home Office

By Insurance Update, Personal Insurance
During Home Office Safety and Security Week which occurs in the second full week in January each year, individuals are urged to assess the safety of their home work environments. Take time to learn about home office safety and security strategies, then assess your workspace to pinpoint any security vulnerabilities that could jeopardize you or your data. Many of the best practices for home office safety and security are common
Read More