We at the Bateman Group are pleased to share some positive news for our business clients. According to the Global Insurance Market Index released by Marsh, UK commercial insurance rates fell by 6% on average in the first quarter of 2025.
What does this mean for your business?
This significant decrease in commercial insurance rates is welcome news for businesses across the sectors we serve, including Pub & Restaurant, Hotel & Guesthouse, Office & Retail, and General Business sectors.
If you are a business owner looking to renew your insurance policy, this market shift presents a potential opportunity for more cost-effective coverage. Whether you are operating a small family-run business or a larger enterprise, these reduced rates could translate to meaningful savings on your insurance premiums.
How the Bateman Group can help
As an independent insurance broker with roots dating back to 1967, we are uniquely positioned to help you navigate these changing market conditions. We offer an open, friendly, and transparent service that puts your business needs first.
Our dedicated team of insurance experts will:
- Personally assess your specific business requirements
- Pro-actively seek out the most competitive rates from our wide panel of insurers
- Ensure you benefit from these market changes without compromising on cover
Sectors that could benefit
This rate decrease could particularly benefit:
- Hospitality businesses – Pubs, restaurants, hotels and guesthouses may see reduced premiums on their property and liability coverage
- Office and retail – Commercial property insurance costs could decrease, improving your bottom line
- Residential landlords – Property portfolio insurance might become more affordable
Looking ahead
While these rate decreases are encouraging, we understand that every business has unique insurance needs. We can find the perfect insurance solution for you, combining these favourable market conditions with our personalised service.
If you would like to discuss how these changing rates might benefit your business specifically, please get in touch. We are here to provide cost-effective solutions to your staffing needs.
This article is based on information from “Commercial insurance rates fall 6% in Q1” published by Insurance Post on April 24, 2025. For the full details, please refer to the original article.
