Professional race car drivers have different expected life insurance premiums than an accountant. The risk is higher and the premiums rise correspondingly. Massage therapy has, by nature, more opportunity for a Sexual Misconduct and Molestation claim than would a feed store. The policy structures will be limited more by market availability than by personal comfort.
The current market conditions have restricted policy limits while pushing pricing to ever higher levels. It is currently impossible to be over insured for SML. The number of insurers willing to write this highly volatile coverage has shrunk to unprecedented levels. Supply is being overwhelmed by demand.
Even in a tight market, opportunities exist. While we can’t be assured of pricing easing in the near future, we can position coverages for the near term to survive the storm.
Call us today to get started.
