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re: Price Increases are Exhausting

Posted on 2/8/24 at 3:07 pm to
Posted by WilsonPickett
St Amant, LA
Member since Oct 2009
1663 posts
Posted on 2/8/24 at 3:07 pm to
Small business owner here also, 24 full time employees. Yesterday Liberty Mutual sent over my 2024 renewal for my business policy and they want $114K in 2024. My policy last year was $60K, same coverage.

We’re shopping it of course but my agent says we MAY find it cheaper but to still expect a pretty big increase vs 2023. ????

Can’t keep our prices the same with that kind of stuff. Vendors squeezing our margins and cost of financing is high.
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