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Businessowners Policy Pricing — Yesterday, Today, and Tomorrow

By Xiaosu (Su) Liu October 7, 2015

Businessowners policies have long been seen by many as a relatively low-risk area of coverage for insurers. In recent years, though, two significant categories of businessowners insureds — restaurants and small retail — have generated above-average loss ratios (see graph below).

The question many insurers may be asking themselves is, Why?