Over the last several years, businesses have faced the persistent challenge of rising commercial insurance rates. According to the Council of Insurance Agents and Brokers, commercial property/casualty insurance premiums increased for the 32nd consecutive quarter in Q3 2025.

However, recent data shows encouraging news – the pace of premium increases has started to slow. According to the CIAB, the 1.6% average increase in Q3 2025 is down from 3.7% in the prior quarter, 4.2% in Q1 2025, and 5.4% in Q4 2024.

“These improving conditions are a welcome change for business owners,” said Ryan Onken, commercial insurance advisor at Bell Insurance in Bloomington, Minn. “After several years of high rates due to inflation, catastrophic weather events and high claims activity, we’re starting to see premium increases moderate.”

Still, conditions vary by business, industry and location.

“The market remains volatile and unpredictable at times,” Ryan added. “We are seeing some businesses experience premium decreases, while other businesses are still seeing larger increases.”

Regardless of your business’s situation, here are some proactive measures you can take to manage risk, minimize losses and ensure you have the best insurance coverage for your situation.

Mitigating Risk

One of the most important steps business owners can take to control insurance costs is assessing and managing risk, Ryan said.

“You need to make sure you have a plan in place to manage the risks associated with your business,” he said. “Your insurance broker can be an important resource to help evaluate your risk management plan and communicate details to the insurance market.”

Steps you can take include: 

• Reviewing your business’s capital expenditure plans
• Implementing safety measures or employee safety training programs
• Conducting risk assessments and safety inspections to identify potential vulnerabilities
   

By reducing your overall risk exposure today, you can lower the likelihood of needing to file expensive insurance claims in the future. Plus, sharing the steps you’ve taken with your carrier could result in a better rate on your policy.

Review Coverage

Businesses should also review their commercial insurance policy on a regular basis, and work with a trusted insurance broker to make sure their coverage aligns with their operations, assets and risks.

“You need a broker who understands what coverage is available and can clearly explain your options and negotiate insurance terms and pricing in your favor,” Ryan said. “Risk continues to evolve, and knowing, understanding and pricing your insurance coverage has never been more important.”

Bell Insurance Can Help

If you’re interested in getting a new insurance quote for your business, contact Bell Insurance at 800-369-2501.

As an independent agency, we can work with different carriers to find the best commercial insurance options for your situation. We combine experience, data and analytics with exceptional personal service to help you protect what matters. Contact us today to start the conversation.