In-depth - commercial: The property pressure cooker
Commercial property is facing hikes in premiums as insurers take a tough line on claims. Sam Barrett finds out why and discovers what steps brokers can take to weather the hardening market
Commercial property is under pressure. Although the latest figures from Acturis show that rates fell in the second and third quarters of 2019, the smart money is on this being the proverbial calm before the storm.
“Insurers have held off pushing through premium increases, preferring to use other methods of limiting exposure, such as higher excesses and caps on alternative accommodation cover instead,” says Robin Gleeson, business director at Towergate Insurance Brokers.
“This works to a point
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