July 23, 2025
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At The Ross Maghan Insurance Agency, we keep a close eye on market shifts so you don’t have to. Staying ahead of commercial insurance trends is essential for managing your business expenses wisely — and the latest data from the Q2 2025 Ivans Index (source) offers some useful insights. Depending on your industry’s risk profile, these trends could open doors to savings — or signal areas that may need extra attention.
What the Latest Q2 2025 Ivans Index Tells Us
Commercial insurance rates have shown a softening trend over the past two quarters, and that’s good news for many businesses. Here’s a snapshot of what’s happening across some major commercial lines:
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Commercial Auto: Average rates dropped to 8.43%.
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Business Owners Policy (BOP): Premiums decreased to 7.87%.
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General Liability: A slight increase to 4.66%.
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Commercial Property: A notable decline, with rates down to 7.89%.
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Umbrella Insurance: A modest decrease to 9.07%.
If you’re unsure how these changes might affect your policies, our team at Ross Maghan is here to walk you through it.
What About Cyber Insurance?
According to Fitch Ratings, standalone cyber liability premiums fell 3% in 2023 and continue to decline into 2025. This can be attributed to the evolving nature of cyber risks — think AI-driven threats and infrastructure attacks — which are harder to model than traditional risks. Still, there may be opportunities to revisit your cyber policy and save, especially as competition heats up among carriers.
We’ll help you navigate the differences between admitted and nonadmitted carriers — especially when it comes to cyber. Our goal is to ensure you’re protected and informed about the risks of policies that aren’t backed by the state.
Why Insurance Rates Keep Changing (Even Without a Claim)
Many of our clients ask, “Why are my rates changing if I haven’t had a claim?” The answer lies in how insurance works. It’s a pooled system — everyone pays into a shared reserve that carriers use to cover damages and invest in risk management. When claim payouts increase (due to natural disasters, lawsuits, or large-scale cyberattacks), premiums often rise to restore balance.
But here’s the good news: you can influence your rate. We work with you to highlight the controllable parts of your risk profile — like building maintenance, employee safety programs, or security upgrades — so your business is seen as a favorable risk.
Insurance in Plain Terms
Think of your premium as a cost-effective way to protect your business. Instead of holding large amounts of cash in reserve for disasters, you invest in insurance and let the carrier absorb the financial hit when things go wrong. The better your risk management, the more options we have to present you as a quality client to competitive carriers.
Market Trends: What This Means for You
The broader market is softening — and that may mean better pricing ahead. Lower reinsurance costs and increased carrier competition are making it a more favorable time to explore your options.
At The Ross Maghan Agency, we know which carriers are offering the most competitive rates and how to position your business in the best light. Especially in softening markets like commercial property or BOPs, there may be savings available — if you act early.
Pro Tips from the Maghan Insurance Team
Don’t wait until the last minute to review your renewal.
Give us a call at least 90 days in advance so we can:
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Shop around across multiple carriers for the best rate and coverage combo.
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Evaluate your current terms and identify possible improvements.
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Leverage your risk mitigation efforts (like new safety protocols or building upgrades) to negotiate better pricing.
Our seasoned agents are here to help you take advantage of market shifts — with the peace of mind that your coverage won’t fall short when you need it most.
Want to review your commercial insurance?
Let’s talk — we’ll help you assess, compare, and potentially save. 📞 Call The Ross Maghan Agency today at (732) 566-0003 or click here to schedule a quick policy review.
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