Sunday, April 08, 2018

Delaware Business Insurance Update from CNC Insurance Assoc. “ Bad Doggie , Bite Claims Increasing” 4-8-18

According to the Insurance Information Institute there were 18,522 dog bite claims in 2017. This is an increase from the 2016 year. Also the average cost per claim is climbing. Higher medical costs and jury awards are driving this increase. The canine risk potential is a top underwriting priority for the insurance industry. Many companies are refusing to cover certain breeds, and that list keeps expanding.
So what are homeowners to do with mans best friend. Good risk management practices are needed to reduce the potential of dog bites. Keeping control of your dog at all times is the ticket to reducing bite potential. It will also make your homeowners insurance company very happy. Until next time be careful out there and know your risks.

G. Kevin Nemith. CNC Insurance Associates/ The Hilb Group
1-877-262-3276 toll free