At the halfway point of 2025, commercial insurance continues to shift in response to economic trends, climate data, workplace transformation, and evolving technology. These changes aren’t limited to major corporations—they’re affecting small and midsize businesses across Florida and the country.

If you manage a business, own property, or oversee operations, it’s worth taking stock of what’s changing—and why your current insurance program might need attention.

Here are four key trends that are shaping the commercial insurance landscape this year.

What’s Happening

Even as inflation begins to moderate, its impact on commercial insurance costs remains. Materials, equipment, and labor continue to cost more than in years past, and that’s translating into higher coverage valuations and recalculated limits.

Carriers are adapting to:

• Higher claims expenses
• Escalating rebuild values
• Stricter underwriting for industries with volatile costs

Many businesses are seeing increased premiums or changes in policy structure—such as higher deductibles or limited offerings for certain types of properties.

Who’s Affected

• Construction companies managing variable job costs
• Commercial landlords facing higher building valuations
• Service-based businesses seeking to maintain appropriate coverage without significant cost increases

Action Steps

• Review your property valuations and business personal property schedules
• Ask your agent to check current underwriting appetites—some carriers are tightening requirements
• Explore policy options that combine coverages or spread risk across layers

What’s Happening

Commercial insurance property coverage is changing rapidly, especially in coastal states like Florida. Insurance companies are relying on advanced risk modeling tools to determine how geography impacts exposure—especially for flooding, wind events, and secondary perils like hail or wildfire.

These updated systems may reclassify your location—even if you haven’t moved an inch.

The result?

• Higher rates or deductibles in areas deemed vulnerable
• Possible non-renewals due to changing risk thresholds
• More frequent requirements for property improvements (roofing, drainage, flood mitigation)

Who’s Affected

• Businesses located near the coast or inland waterways
• Warehouses and facilities in zones recently re-mapped for flooding
• Retail locations or offices operating in older structures

Action Steps

• Request a detailed review of your property’s current risk classification
• Inquire about mitigation credits for updates like impact-resistant windows or floodproofing
• Don’t assume your current policy will be renewed without changes—start the review early

What’s Happening

Cyber insurance in 2025 is a different product than it was even two years ago. With increased cyber threats targeting businesses of all sizes, carriers are demanding stronger preventative measures before offering coverage.

Commercial insurance policies now often require:

• Multi-factor authentication for internal systems
• Employee training on phishing and fraud
• Regular data backups and endpoint monitoring
• Documentation of breach response protocols

These are not recommendations—they’re minimum eligibility thresholds.

Who’s Affected

• Offices that store sensitive data (law firms, medical practices, accounting firms)
• Businesses operating online platforms or client portals
• Companies using remote access technology for staff or vendors
  
  Action Steps
• Ask for a checklist of carrier requirements before submitting a cyber application
• Conduct a cyber risk review in partnership with your IT provider
• Make sure your cyber insurance isn’t bundled in as a limited add-on—standalone policies typically offer better protection

What’s Happening

The nature of work continues to evolve. With hybrid teams, remote staff, subcontractors, and gig-based workers all contributing to daily operations, Workers’ Compensation coverage must be evaluated carefully.

Commercial insurance carriers are now more closely reviewing:

• Job classifications and role descriptions
• Remote work setups and policies
• The use of subcontractors or 1099 workers—especially in construction or field services

Even the way an employee’s job title is listed could impact your audit or premium outcome.

Who’s Affected

• Construction firms and service companies with variable staffing
• Businesses shifting to hybrid schedules
• Employers who have grown significantly over the past year and haven’t updated their coverage to reflect it

Action Steps

• Revisit your experience modification rating (mod score) and class codes
• Verify that subcontractors carry their own active coverage with proper documentation
• Ensure that remote work arrangements are included in safety protocols and insurance reporting

Each of these trends represents a deeper shift in how insurance companies are assessing and responding to business risk. Renewals in 2025 aren’t just transactional—they require planning, conversation, and sometimes documentation that didn’t exist a few years ago.

Businesses that revisit their policies mid-year are better positioned to avoid last-minute surprises and stay aligned with industry shifts.

Comegys Insurance Agency works with businesses throughout Florida and beyond to support insurance planning and program development. We represent a range of commercial carriers and help clients navigate a marketplace that continues to evolve.

Our approach is focused on:

• Clear conversations
• Smart comparisons across multiple carriers
• Forward-looking strategies tailored to your operations

If it’s been more than six months since your last review—or if your business has changed—now’s the right time to schedule a check-in.