Commercial Property Insurance Costs: Why Rates Are Rising and How to Manage Them
Reading Time: < 1 minuteCommercial property insurance costs have increased 10-20% annually since 2022, driven by catastrophic weather losses, rising construction costs (replacement values up 30-40%), and a reinsurance market passing higher costs to primary carriers. For property owners, the premium increase at renewal is often the most visible line-item shock in the entire insurance program. For SBA-financed properties, […]