MarketScout: Workers Compensation Premium Rates Rise 3% in February 2012

Brokers take note…  According to a recent analysis released by MarketScout, workers comp experienced the greatest increase in rates in the month of February, compared to other lines of insurance.  The 3% rise is in keeping with the consistent rise in premiums since the end of last year. 

Brokers must evaluate price vs. profit, meaning that if it’s all about price, you will lose the business. But if it’s all about profit and you are adding real value, you win the business. 

What value have you shown your clients lately? 

See article by Business Insurance here.