Commercial Insurance Rates Increase 5% - Mackoul Risk Solutions | Condominium and Co-op Insurance on Long Island, NY Skip to main content

Commercial Insurance Rates Increase 5%

By December 11, 2012 April 15th, 2018 General Updates

According to MarketScout, the overall composite rate for insuring commercial accounts in the United States increased 5% in November compared to November of last year.

By coverage classification, property, excess liability, general liability and workers’ compensation rates increased the most, at over 5%. The most substantial month-on-month rate increase at plus 6 percent as compared to plus 4 percent the prior month goes to Manufacturing. Transportation also showed a 6 percent increase. The trucking segment of this industry class appears to be causing the rate increases at plus 6 percent.

A summary of the November 2012 rates by coverage and industry class is listed below.

By Coverage Class
Commercial Property Up 5%
Business Interruption Up 3%
BOP Up 4%
Inland Marine Up 3%
General Liability Up 5%
Umbrella/Excess Up 5%
Commercial Auto Up 5%
Workers’ Compensation Up 5%
Professional Liability Up 4%
D&O Liability Up 4%
EPLI Up 4%
Fiduciary Up 2%
Crime Up 2%
Surety Up 1%
By Industry Class
Manufacturing Up 6%
Contracting Up 5%
Service Up 5%
Habitational Up 5%
Public Entity Up 4%
Transportation Up 6%
Energy Up 5%


MarketScout is an insurance exchange based in Dallas, Texas. Their users are primarily independent retail agents. Since 2000, MarketScout has tracked agent interest, buying habits and activity.