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Insurance Costs


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  • Insurance Costs

    I just got my annual insurance (liability, fire etc.)bill for the year and notice that my premiums had increased 20+ percent over the year 2000.

    To the other managers/proprietors out there - what are you paying per year, per lane for insurance? Also,does your local/regional associations work with one insurance company to get better rates or does your house deal independently with the insurance company?

  • #2
    Re: Insurance Costs

    I'll ask the owner tonight and see what has happened to us. Last I heard they could charge us anymore it was so high.


    • #3
      Re: Insurance Costs

      My liability insurance went up 12.5% from last year. I pay around $7,000.00 a year. My center is only 12 lanes. The regional association (NORCAL BPA ) works with insurance companies to get us a better deal. I presently get my insurance through the Association. My workman comp took a big jump this year also. I'm also in California, so we are really getting nailed on gas and electric right now.
      Ron M


      • #4
        Re: Insurance Costs

        I am a past proprietor of 2 houses. One way to drive costs down is competition. I solicited bids from 2 local agencies in town. I wound up saving about $700 per year over previous proprietor. However there had only been about 3 claims in 10 years and my building and equip. was in good shape. My last place was a 12 laner and I believe premiums were about $4000 per year, 1999-2000 season.



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