As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck.
The new Nationwide Agency Forward Commercial Lines Protection Survey surveyed commercial property stakeholders about what they’ve experienced in the last five years and how those lessons impact today’s insurance decisions.
Catastrophes Hit 1/3 of Commercial Property
Nationally, roughly one-third of commercial property owners have suffered damage from a natural disaster in the last five years; this rises to more than half in wildfire-risk states and almost