Will Commercial General Liability Insurance Premium Go Up If We File One Claim? 
You have been operating your business for 6 years without incident which is great . This is the first claim -LRB- and hopefully last claim , -RRB- so I understand your concern about your premiums increasing next year . I 'm not exactly sure what your business does , but knowing what you do would help me to further figure out whether or not your premiums would increase because of this claim . When re-marketing your account with other insurance companies we would need to explain what happened and discuss the likelihood of this happening again . Insurerslook at the historical data associated with past claims , current trends , andalso consider estimations of future losses to help determinethe rates that they use.This is a great question and thereare several things you need to consider.When you get a moment , turn to the conditions section of your CGL policy . The conditions state what your duties are in the event of occurrence , claim , or suit . 1 . Notify company of occurrence a . You must see to it that we are notified as soon as practicable of an `` occurrence '' or an offense which may result in a claim . To the extent possible , notice should include : -LRB- 1 -RRB- How , when and where the `` occurrence '' or offense took place ; -LRB- 2 -RRB- the names and addresses of any injured persons and witnesses : and -LRB- 3 -RRB- The nature and location of any injury or damage arising out of the `` occurrence '' or offense . b . If a claim is made or `` suit '' is brought against any insured , you must : -LRB- 1 -RRB- Immediately record the specifics of the claim or `` suit '' and the date received : and -LRB- 2 -RRB- Notify us as soon as practicable If you read the `` Obligations at Insureds Own Cost `` condition it says : `` No insured will , except at the insured 's own cost , voluntarily make a payment , assume any obligation , or incur any expense , other than for first aid , without our consent . '' There are many questions that would need to be answered , but if I were you I would put my insurance carrier on notice that there has been an incident and let them take the reigns . Please contact me if you have any additional questions or concerns about this claim . I would be happy to help guide you in the right direction . Have a great weekend . Best , Josh DeBoer 