The commercial insurance market is predicted to reach $845.28 billion in 2025, according to the latest data from The Business Research Company.
Key market drivers include economic growth, globalization of businesses, risk management practices, increased cyber threats, emerging liability risks and employee benefits, the data showed.
“Around half of all new businesses don’t survive five years, so the idea of becoming a business owner can be daunting, especially with the current high cost of living,” said WalletHub Analyst Chip Lupo.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
