The premium you pay this year might change in the future. An insurance policy is a contract, meaning the insurer cannot randomly increase a premium during the policy period. However, your next policy price is not guaranteed. Your price for liability insurance in Oregon could increase if:
Your business is sued, even if the lawsuit is frivolous, or fails
There are other claims on your commercial policy (there is a fire at your business)
The insurer changes the risk rating of your business
An insurance inspector finds a significant risk at your place of business, like broken glass or vicious dogs
Insurers can also “take rate” and increase their future premiums at any time. Remember, insurance companies exist to make money. As the costs to do business increase in Oregon, premiums for liability insurance increase as well.