What to Expect in 2020:
Employee Benefits
Employee Benefits
Employers will be exploring more options in 2020 to defend against rising costs and deliver the personalized benefits their employees want. They’ll have to be smarter in how benefits are managed, optimized and communicated, and leverage the advanced methods and technologies available to help them achieve their goals.
Read the 2020 Employee Benefits OutlookBusiness Insurance
Business Insurance
Executive liability claims and therefore, policy premiums, are on the rise with no end in sight. Here are four things your business can do in 2020 to help off-set Directors & Officers Liability (D&O), Errors & Omissions Liability (E&O) and Employment Practices Liability (EPL) rate increases and out-of-pocket runaway costs.
Read the 2020 Executive Liability OutlookAgribusiness
Agribusiness
The agribusiness industry is ripe for growth with new global trade agreements and a significant increase in hemp farming expected in 2020. Experts hope these new opportunities will neutralize rising commercial property, transportation and product recall costs.
Read the 2020 Agribusiness OutlookCannabis
Cannabis
Cannabis businesses face significant product liability risks, expansion of state regulations – plus more banking and insurance options in 2020. Cannabis businesses have a lot to look forward to and a lot to think about when it comes to risk management.
Read the 2020 Cannabis OutlookHospitality
Hospitality
The hospitality industry will continue to see the effects of record-breaking natural disasters and active shooter incidents as relative coverages become higher priced with tighter terms, and sometimes hard to find. It puts the focus on risk management and sound guidance on the right insurance protections, especially in the planning stages as the hotel construction boom continues.
Read the 2020 Hospitality OutlookReal Estate
Real Estate
Real Estate businesses will face higher premiums in 2020 as a result of major carrier losses over the last few years. Carriers are increasing pricing and cutting back on their capacity. Having market clout and the ability to get carriers to combine capacity and work together to share risk are just a few of ways real estate businesses can work with their broker to reduce costs.
Read the 2020 Real Estate OutlookTransportation
Transportation
Trucking companies find it a challenge to continue to remain profitable as the driver shortage and insurance, fuel, and equipment costs continue to rise. Truck- related crash litigation and regulatory requirement trends challenge the industry as well. Now it is more important than ever for fleets to utilize best risk management and technology practices to remain competitive.
Read the 2020 Transportation OutlookStay in the know
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