
California Increases Commercial Coverage Limits for FAIR Plan: A Boost for Businesses in 2023
In a significant development for businesses in California, the California FAIR (Fair Access to Insurance Requirements) Plan has announced an increase in its coverage limits. This adjustment marks a crucial step towards addressing the challenges faced by the commercial coverage market in the state. This article will delve into the recent changes, outlining the maximum coverage limits, the extended coverages offered by the FAIR Plan, as well as the areas it does not cover.
19 July 2023 • 2 min read