Education Rate Guide — U.S. Coverage 2025 Education Insights Rate Guide Results reflect market recovery and depend heavily on account metrics (occupancy, business class, loss control, catastrophic exposure, claims history, etc.). Accounts that are non-renewed by incumbents, particularly single-carrier placements, will continue to see less favorable results, such as larger rate increases and/or increased deductibles or retentions. Commercial -10% to +10% As construction costs continue to rise, insureds should review Property property valuations each year. Expect an increase in deductibles associated with water damage policies, as some will exclude coverage or increase deductibles for sewer and drain issues. It’s becoming more common that insureds require deductibles per building — not an event — specific to freeze/thaw conditions. Wind and hail deductibles are also increasing. While rates in certain geographies have stabilized, there are exceptions — especially for wind- and earthquake-exposed accounts that have seen drastic run-ups in rates and premiums during the hard market cycle. Carriers remain focused on valuations, driving increased costs for some insurance programs. While signs point to a softening market with specialty carriers, the Catastrophic Perils -10% to +10% standard is still working to achieve adequate rates on their book. More commonly are dollar (flat) deductibles transitioning to a percentage of coverage. Severe convective storms and wildfires remain significant concerns for underwriters, with a major focus on the Atlantic wind season that concludes in November. Flood limits are now typically capped at $5M. Class action lawsuits are prevalent within education, especially copy-and-paste or antitrust suits. Specific to employment practices liability, wrongful termination actions are the most Educators Legal frequent source of litigation given the amount of stafÏng & Management Flat to +15% reductions from budgetary constraints followed by challenges for Liability campus unrest. As institutions begin changing the pedagogy or curriculum to respond to budget challenges, there could be an impact to the number of lawsuits. While renewal premiums continue to fall, underwriters remain selective in the education sector and require more controls. Cyber -10% to +5% Breaches and outages of significant service providers (i.e., Change Healthcare and Crowdstrike) haven’t led to rate hikes yet but may point to harder market conditions in the first half of 2025. NOTE: Rate is typically defined as the amount of money necessary to cover losses and expenses while providing an insurance company with a profit for a unit of exposure. Exposure refers to a business’ or individual’s susceptibility to various daily risks. Carriers evaluate the level of risk an insured faces in calculating insurance premiums. 9