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2022 General Liability Insurance Market Outlook

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The general liability market has consistently underperformed for insurance carriers in recent years. As claims have increased in frequency and severity, insurance carriers have responded by tightening underwriting standards, deploying less capacity and seeking rate increases. Despite recent trends, carriers have begun to see some improvement in general liability results. In 2022, it’s predicted that most policyholders will encounter another year of modest rate increases for general liability coverage. Policyholders who operate in sectors with elevated general liability exposure (e.g., real estate, construction, manufacturing, retail and hospitality) may be more prone to double-digit rate increases and restrictive underwriting standards and may experience difficulties securing higher coverage limits.

Developments and Trends to Watch

Tips for Insurance Buyers

2022 Price Prediction

Overall: +2.5% to 15%

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