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Re: Insurance question for small business owners
Wait until the insurance companies assess the damage from Katrina. Just like
after 9/11, we'll all get shafted with an insurance "surcharge" to pay for
it....
RHC
On Fri, 09 Sep 2005 17:46:39 GMT, JOhn <barnesj@xxxxxxx> wrote:
>> I Would like to hear from anyone owning their own alarm operation. Just
>> curious as to how much one should expect to pay for liability insurance
>> on a
>> small installation company? Mine is going up 28% this year, which is the
>> 4th increase for 4 years as a business. I have never had a claim nor
>> even a
>> complaint.
>
> My small, central station alarm company was paying ~$4-5,000 a
> year for insurance before I sold it. We never had a claim in
> over 20 years either. The rates have soared since then but I no
> longer install and my monitoring base is smaller now, too so I
> actually pay a bit less these days.
>
>> This expense is definitely going to affect my bottom line.
>
> True, but so do all expenses. :^)
>
> --
>
> Regards,
> Robert L Bass
>
> Bass Burglar Alarms
> The Online DIY Store
> http://www.BassBurglarAlarms.com
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