Soft vs Hard Insurance Market
In the most simplest terms, a soft insurance market means that rates are steady or decreasing year over year, while a hard market means that rates are increasing.
In the most simplest terms, a soft insurance market means that rates are steady or decreasing year over year, while a hard market means that rates are increasing.
So, what's the difference between the two? General liability insurance protects businesses from claims of damages due to the business' operations. This can include things like damage to property, personal injury, or even advertising injuries. This…