Insurance Market Update
Owner/Operator Business Education
On The Changing Insurance Landscape
Insurance Market Update
Owner/Operator Business Education
On The Changing Insurance Landscape
PURPOSE
This website serves as a centralized hub offering US Owner/Operators real-time information to facilitate planning for insurance in the unprecedented times, specifically for 2024 and beyond. It is consistently updated, sometimes even on a daily basis.
US Owner/Operator Risk Management and Insurance
BREAKING NEWS
3/1/2024 Package Insurance
- IMPORTANT: After 6/1/2024, this site will be PAUSED (not updated) until September when the process/cycle starts again.
- If you took risk and changed brokers this year, be sure to save that money saved to offset the future risk of rising rates.
- As of October 2023, 50+ insurance companies/markets committed to participate to support Owner/Operators for 2024. This diversification of insurance markets helps keep premiums more stable long-term in the system. Healthy competition is important and we have more partners on insurance than most areas of your business. A special thanks to all Brokers for making this happen against so much.
- Feb 5, 2024: Quotes/Proposals were contractually obligated to be sent by some Brokers to stay Approved. Please work with your Broker to complete your Renewal paperwork and bind coverage ASAP. Payment not due until March.
- Feb 15, 2024: Remaining Brokers finally sending Quotes/Proposals.
- Feb 29, 2024: Final day, please ensure you review the latest proposals including key coverages and long-term stability.
- Contact Your Current Broker to compare quotes. No two options have the same coverages. Carefully review and speak to your licensed broker for support.
