In the evolving economic landscape, commercial insurance rates continue to trend upward. As your trusted partner, our focus is on empowering you to understand the reasons behind these increases and offer strategies to help you take control of your destiny. Together, we can roll up our sleeves and put in the work necessary to improve your risk profile through strategic decisions and implementing effective measures that ultimately make you a more appealing risk to carriers. As always, our commitment is to work alongside you, leveraging our expertise and resources to help you beat the market trends. RATE TRENDS According to…
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.
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…
As we move through 2023, the insurance market landscape is undergoing significant changes. From health and auto to life and property insurance, leaders must adapt to shifting trends and challenges. In our 2023 mid-year market update, we’ll explore key developments and offer insights on how to stay ahead of the curve.
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
Construction projects can involve many contractors and often operate on thin profit margins. Wrap-up programs are a great tool for risk managers to contribute to a project’s success. Not only do they reduce expenses, but they also provide improved safety standards, and better coverage – making them the essential consideration for savvy owners and contractors.