According to the Dallas-based electronic insurance exchange, workers compensation and commercial property coverage experienced the greatest increases at 3%. General liability, umbrella/excess and business owners' policies each rose by an average of 2%. All other lines surveyed increased by 1% except fiduciary and surety coverages, which remained flat.

“In September, 2011, rates were flat,” said MarketScout CEO Richard Kerr in a statement announcing the February figures. “Since then, we have continued to see evidence of a slowly turning market with the composite rate at 0% in October, 1% in November 2011 through January 2012, and now a 2% increase in February 2012.”

Workers compensation rates continue to rise. Brokers continue to face the challenge of renewing their clients without substantial premium increases. Workers compensation premium recovery is the quickest and easiest way to help your clients obtain workers compensation refunds and have a better underwriting profile for the renewal marketplace. Furthermore, brokers will make first-year and renewal commissions.