[IndusHospitality Ratry] Industry Rate Guide te Guide — U.S.— U.S. HUB International’s rate guidance comprises an analysis of proprietary national survey data and HUB International’s rate guidance comprises an analysis of proprietary national survey data and interviews with HUB commercial insurance brokers and risk services consultants who specialize in the interviews with HUB commercial insurance brokers and risk services consultants who specialize in the Hospitality industry. construction industry. On average, rates for middle- to upper-middle-market companies are experiencing rate increases for On average, we are experiencing modest rate increases for nearly all coverages as carriers need nearly all coverages as carriers need additional premium to support increased losses and expenses. additional premium to support increased losses and expenses. Below are projections of rate increases Below are projections of rate increases that we anticipate in 2025. It’s important to discuss your that we anticipate in 2025. It’s important to discuss your business’ exposure with your insurance broker business’ exposure with your insurance broker and understand what to expect well in advance of your and understand what to expect well in advance of your next renewal. next renewal. Coverage 2025 Hospitality Insights Coverage 2024 Rate Guide Insights Rate Guide Distracted driving and social inflation remain the top reasons for Empor am res denietur ra veriae voloreceriam aut ad ut claims activity. Rate increases persist to counterbalance rising asperch iciunt, quiae nonseque plab ipsam se este int etur costs associated with labor, new replacement vehicles and high- sum voluptatemos sit eliquibeaquo eum exceremped etur sum tech replacement parts. Expect carriers to scrutinize exposures Lorem ipsum  -0% to  +0% inverio nsequib usandit qui conecto cus rem quatur sectiatem specific to hired and non-owned auto coverage, especially for Commercial Auto +5% to 10% illant evel minture qui res perfereped qui corehen istiati squibea accounts with claims activity. tescipsunti occus re es dolorer ferspietur, sunda volecer namende sandae. Ecus maion conseni taquiae rferro doluptiat volorem qui Businesses with delivery services can expect higher rates as they comnisquas restrumet. become tougher classes to underwrite. Hotels that transport guests to the airport will also face higher premiums. Empor am res denietur ra veriae voloreceriam aut ad ut asperch iciunt, quiae nonseque plab ipsam se este int etur Property-casualty insurance is expected to be profitable, so the sum voluptatemos sit eliquibeaquo eum exceremped etur sum overall trend in GL is stable. Carrier positions vary; results may be Lorem ipsum  -0% to  +0% inverio nsequib usandit qui conecto cus rem quatur sectiatem different due to claims activity or program design, but most clients illant evel minture qui res perfereped qui corehen istiati squibea will see modest rate increases. tescipsunti occus re es dolorer ferspietur, sunda volecer namende sandae. Ecus maion conseni taquiae rferro doluptiat volorem qui The lodging sector has experienced an increase in human General Liability Flat to +10% comnisquas restrumet. trafÏcking litigation, triggering some insurance policies for failing to maintain a safe environment. As a result, insurers are Empor am res denietur ra veriae voloreceriam aut ad ut more cautious, causing some insureds to seek coverage in the asperch iciunt, quiae nonseque plab ipsam se este int etur non-standard E&S market. While best-in-class risks will likely sum voluptatemos sit eliquibeaquo eum exceremped etur sum see premium increases up to 10%, those moving to E&S should inverio nsequib usandit qui conecto cus rem quatur sectiatem Lorem ipsum  -0% to  +0% anticipate a 15% to 20% upswing. illant evel minture qui res perfereped qui corehen istiati squibea tescipsunti occus re es dolorer ferspietur, sunda volecer namende Workers’ compensation remains highly profitable, but reinsurers sandae. Ecus maion conseni taquiae rferro doluptiat volorem qui are concerned that stafÏng shortages could spell trouble ahead. comnisquas restrumet. Workers' Increased workplace violence and classification of workers -3% to +3% as either employees or independent contractors are possible Compensation Empor am res denietur ra veriae voloreceriam aut ad ut factors in rate changes. Carriers may present more attractive asperch iciunt, quiae nonseque plab ipsam se este int etur terms for multiline primary casualty packages, including workers' sum voluptatemos sit eliquibeaquo eum exceremped etur sum compensation. Lorem ipsum  -0% to  +0% inverio nsequib usandit qui conecto cus rem quatur sectiatem illant evel minture qui res perfereped qui corehen istiati squibea tescipsunti occus re es dolorer ferspietur, sunda volecer namende As key hospitality markets constrict excess capacity, many Umbrella & Excess sandae. Ecus maion conseni taquiae rferro doluptiat volorem qui insureds are forced to market their program at renewal during a +5% to 15% comnisquas restrumet. Liability harder market. Expect higher rates for any risk with exposure to liquor liability. Empor am res denietur ra veriae voloreceriam aut ad ut asperch iciunt, quiae nonseque plab ipsam se este int etur sum voluptatemos sit eliquibeaquo eum exceremped etur sum Insurance packages are more stable because of a bigger premium Package Flat to +10% inverio nsequib usandit qui conecto cus rem quatur sectiatem Lorem ipsum  -0% to  +0% pot, with one carrier offsetting losses on any one line. illant evel minture qui res perfereped qui corehen istiati squibea tescipsunti occus re es dolorer ferspietur, sunda volecer namende sandae. Ecus maion conseni taquiae rferro doluptiat volorem qui comnisquas restrumet. 88