Hiscox is raising prices on its Businessowners program in New Jersey, with a filing that combines a moderate overall increase with a deeper rewrite of how risks are priced.

The company is taking an +11.2% rate increase across the state, impacting 2,965 policyholders and adding roughly $348K in premium on a $3.1M book.

The underlying indication was higher, at +16.6%, suggesting Hiscox is holding back part of the increase rather than pushing it through in full.

The increase is not uniform. Property is doing the heavy lifting, with about a +20% impact, while liability remains flat, pointing to pressure on building and contents coverage rather than third party risk.