Insurance premiums skyrocketing for small businesses, even as another lockdown looms for Ontario
Since buying Hack’s Tap & Grill sports bar in Kitchener in 2018, Wayne Kanold and Jirina Petrovitch have never filed an insurance claim.
The customers are polite and the atmosphere is calm, said Kanold. There are no bar brawls when the sports team of choice loses.
But that hasn’t prevented the insurance premiums on the business from skyrocketing when the time came to renew the policy in April.
Original Article Source Credits: The Star , https://www.thestar.com/
Article Written By: Jacob Lorinc
Original Article Posted on: May 11, 2021
Link to Original Article: https://www.thestar.com/business/2021/05/11/were-getting-hit-from-all-sides-insurance-premiums-are-skyrocketing-for-small-businesses-even-as-ontario-prepares-to-extend-the-lockdown.html