Loss Frequency vs Severity for Small Contractors
Small contractors feel punished for a string of minor claims. That feels unfair until you see how rating tiers move.
Read More →Claims history
Direct answer
Claims history moves rating tiers and repricing windows long after the loss is closed.
Why it changes price
- Most carriers use multi-year windows; the impact fades, but not always on your timeline.
- Repricing is not automatic, so improvements can lag at renewal.
- Frequency often moves tiers faster than one severe loss.
Decision rule
If history is improving but pricing is not, shop for appetite fit. If not, reduce claim frequency.