Authored by Sara Weathers

In a recent Insurance Business Magazine article, a new study from Allianz Global Corporate & Specialty revealed the top insurance claims from the last five years.

Fires, natural disasters, and lack of maintenance in the workplace are some of the top causes of business insurance claims, according to AGCS. On top of these causes, inflation is making it harder for companies that are filing property damage claims, especially if their insurance policies were not up to date. Replacement costs are higher and replacements of lost property are also taking longer, due to supply chain interruptions.

For more about the most popular causes for insurance claims, and to get an idea of incidents your business should be covered for, check out Insurance Business Magazine’s article. If you have any questions about your business’s liability coverages, the AdvoCap Insurance team is available at any time!