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October 20, 2025
All Pro Coverage

Business Insurance Non-Renewed? Here’s What You Should Do

When you run a business, the last thing you want to worry about is insurance. It’s not something that usually pops into your mind—until it becomes a pressing issue. This week, we were contacted by a home inspection firm from Bergen County, NJ. They had built a steady business, helped countless clients, and had never had a single insurance claim. So, when they opened their mail and saw their business insurance policy would not be renewed, they were caught off guard.

The non-renewal notice provided little explanation. The insurance company had simply decided to stop offering commercial insurance policies in New Jersey. They had no idea where to start—and honestly, who wants to deal with insurance companies? Would it be costly to make this change? Why was it even happening?

Why Insurance Carriers Are Pulling Out

This home inspection firm wasn’t the only one. Business owners throughout New Jersey faced the same problem. The most risk-averse insurance companies didn’t feel they could take enough rate increases to cover catastrophe exposure from claims in NJ.

Insurance companies are leaving certain states or reducing the number of businesses they insure in high-risk areas. The big reasons?

  • Severe claims activity: Companies are paying out more than they used to, partly due to inflation.
  • Risk vs. rates: Even businesses with no claims can get dropped if insurers think the entire state is too risky.

When that happens, insurers stop offering policies, leaving business owners scrambling for new coverage.

What Business Owners Should Do Next

When you receive a non-renewal notice, you have two options: wait and hope for a change, or take action. Here are five steps to follow:

  1. Understand it’s not personal
    Non-renewals usually aren’t about your business. They happen because insurers are leaving the market.
  2. Plan ahead
    Once your current policy expires, you have no protection. Don’t wait until the last minute.
  3. Expect different pricing
    Rates have shifted. Some businesses with no claims have actually seen lower prices, while others face higher costs due to catastrophe and reinsurance expenses. Focus on the total cost of risk—premium + policy features + out-of-pocket claim costs.
  4. Not every policy is equal.
    Business insurance plans vary. Some have low limits or exclude key protections. Compare carefully.
  5. Start shopping early
    Waiting reduces your options. A commercial insurance specialist can help you find the right policy.

Insurance agent discussing policy details with a client.Why Work With An Experienced Agent

Many small business owners just call their auto or homeowners insurance agent when they need business coverage. However, when carriers withdraw from your area, that approach can leave you vulnerable.

Independent agents are not tied to one company. They know which insurers are still writing policies in high-risk areas and can compare coverage options to find the right fit. When insurers leave the state, who will be there to support you?

Don’t leave your business exposed—work with someone who understands the market and can guide you through finding the proper coverage.

Protect Your Business With All Pro Coverage Insurance

If your insurance company is leaving you high and dry, you don’t have to face it alone. We have over 30 years of experience helping businesses find coverage.

The right policy is out there—and we’ll help you secure it before your current coverage runs out. Call us today at (888) 858-1777 or visit www.allprocoverage.com to get started.

Categories: Blog, Premium

Tags: All Pro Coverage, business coverage, Business Insurance, business protection, business risk management, commercial insurance, commercial policy, E&O insurance, home inspector insurance, independent insurance agency, insurance, insurance agent, insurance carriers leaving NJ, insurance company withdrawal, insurance market changes, insurance rates, insurance renewal, New Jersey insurance, non-renewal notice, small business insurance, Zolofra Insurance Agency

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