Rising insurance costs hurting small businesses

Rising property insurance rates make it difficut for small business to compete in the marketplace. The increased cost for insurance is eating away at such crucial business development activities such as advertising and marketing.

It's a trend that’s challenging many local businesses that own their own real estate: Rising prices for property insurance are pushing up the cost for doing business. The state’s new insurance law promises some relief for these commercial property owners – but not nearly as much as it does for homeowners. What’s more, some experts wonder whether the new law might hurt Florida businesses by exposing the entire state economy to more risk.