The Rising Cost of Commercial Business Insurance: What Small Businesses Need to Know
Keith Solomon
Why Are Insurance Costs Skyrocketing?
For small business owners, keeping expenses in check is always a priority. However, one cost that continues to climb at an alarming rate is commercial business insurance, especially for real property.
Several factors are driving these increases:
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Rising Construction Costs – Materials and labor are more expensive than ever, leading to higher replacement values.
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Increased Losses – More frequent and severe claims (weather events, lawsuits, and damages) drive up insurer costs.
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Higher Interest Rates – As borrowing costs rise, insurers pass along the expense through higher premiums.
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Tighter Coverage & Higher Deductibles – Many businesses now face reduced coverage options and larger out-of-pocket costs before claims are paid.
These trends have put small business owners in a tough position, making it critical to reassess your policies and ensure you're getting the best coverage at the most competitive price.
How to Navigate the Insurance Market & Save Money
With 46 years of experience in the insurance industry, our Director of Insurance Solutions, Keith Solomon, CLU, ChFC, has seen market fluctuations before—and he knows how to help small business owners navigate rising costs without sacrificing protection.
We can help you:
✔ Assess your current coverage to identify potential savings
✔ Recommend top-rated carriers that fit your industry needs
✔ Advise on policy adjustments to balance cost and protection
✔ Connect you with risk management strategies to reduce future premiums
Take Control of Your Business Insurance Costs Today
Don’t let rising insurance premiums hurt your bottom line. Whether you're shopping for new coverage, renewing a policy, or just need expert guidance, We are here to help.
📩 Email us at: ksolomon@sethandalexander.com
📞 Call Keith directly at: 713-965-7572 ext.744