Although property insurance rates continue to decline, businesses must still consider a range of critical risks to their physical locations and assets.

Here are five top risks that property insurance buyers should watch for in 2017:

1. Wildfires

Droughts that have plagued parts of the U.S. for years may get worse this year. The National Interagency Fire Center (NIFC) reports that the southern plains will see an increase in seasonal wildland fire activity beginning in February. And although winter precipitation there was higher than normal, parts of California remain dry.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.