In August, I covered the risk picture for the restoration business with a summary of the COVID-19 risks. The bottom line is things are a lot better than they appeared they were going to be a year ago. Here I will discuss the insurance picture for restorers’ business insurance over the next 12 months and suggest some adaptations to address impending changes in that risk picture.

Liability insurance rates are going up about 6% on average, a little less than last year.