Navigating the Current Hardening of the Property Insurance Market

Introduction:

The hardening of the personal and commercial property insurance market refers to a trend of stricter underwriting standards, reduced coverage options, and increased premiums. Insurance carriers are becoming more cautious due to factors like catastrophic events, climate change, and rising litigation costs. In response, some insurance carriers have implemented moratoriums, temporarily suspending or limiting coverage in specific areas or for certain types of risks. These moratoriums aim to manage the carriers’ risk exposure and ensure the sustainability of their operations in the face of challenging market conditions. read more


El Niño: Should you buy flood insurance to protect your home?

What you should know about flood insurance:

You’ve probably heard this horror story before — someone loses a home due to a flood and learns after the fact that standard homeowners insurance doesn’t cover flood damage.

At Sparrow General Insurance Agency we want you to be educated about all of the risks you may face – before a loss occurs – so you can determine what insurance coverage is appropriate. Spring is a prime season for flooding, so now is a good time to review your options. read more


Workers’ Compensation

Workers’ compensation coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally, this coverage protects an employer from being sued by an injured worker in most cases.

Sparrow General can help your business find complete solutions to your unique workers compensation insurance needs. We’ll find solutions that create safer and more productive workplaces, more confident and secure workers and overall savings you’ll see on the bottom line. read more