BulldogTom Posted November 11, 2023 Report Share Posted November 11, 2023 I keep E&O, Cyber and GL insurance for my company. The E&O and Cyber stayed pretty much the same, but my GL went from $275 to $426. 55%! Anyone else seeing increases like that? Tom Longview, TX Quote Link to comment Share on other sites More sharing options...
Lee B Posted November 11, 2023 Report Share Posted November 11, 2023 No, my GL went from about $440 to $460. Quote Link to comment Share on other sites More sharing options...
Medlin Software, Dennis Posted November 13, 2023 Report Share Posted November 13, 2023 Mine was static. But, no public access, just two home offices. I see a similar question often for auto and RV insurance. As it gets explained, it is a shared pool, so if the pool you are in gets drained, all who swim in the pool have to pay more. RV or vehicle garaged where there were recent winter storms? Increase. Home where there was a recent fire, or even protective utility safety outages? Raise. I am a self shopper, so I shop around near the end of every term, and will change for a fair savings. I stick with one agent for personal items, because I like my agent, and their service, and their rate is acceptable. The risk of changing is if there are any discounts for renew/multiple lines (I mean penalties for being new and not having many lines with them). I don't think my business lines have any discounts/penalties, but I do switch them from time to time... PLUS, I am in CA, which is one of the most regulated places to be an insurance provider (so the above may not apply in less regulated states). Quote Link to comment Share on other sites More sharing options...
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