Rates are also impacted by the industry in general. There have been more claims in food service business which is why the rates have been climbing. You may still find a better premium than what Aviva is offering so just shop around prior to renewal.robbyp17 wrote: ↑ What has changed in last couple years for business (retail) insurance rates? My premium has gone to 3900 from 1800 in 2015 to 2700 in 2016 and 3900 in 2017. No claims and nothing has changed in business at all. I have insurance with Aviva with ERB & ERB. Next January I am looking to change brokerage as rates are pretty high. Broker mentioned no one wants to insure commercial especially retail (pizzeria in my case) business that's why premiums are getting high.
Insurance & Financial Advisor
All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!