Credit: kamiphotos/Adobe stock Commercial Property Owners Brace For Higher Insurance Costs. What's The Solution? Experts Weigh In
"In this calendar year specifically, the increases are at 50% on average, and also difficult for larger projects to even get the capacity, meaning enough insurance limits to cover the building or project," said Jim McCue, COO of NSI Insurance Group in Miami Lakes.
February 27, 2023 at 09:00 AM
6 minute read
Insurance Law
As a result of Hurricane Ian, as well as a number of Florida insurers going bankrupt or leaving the state, there's significant concern among commercial property owners that insurance rates will continue to rise.
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