Increasing alcohol liability insurance rates are still detrimental to SC’s small businesses.
Detrimental Meaning : Liability Insurance 2024 Now
WIS) – Increases in the cost of liquor liability licenses have put a financial strain on small businesses all over South Carolina; some in the Midlands have even been forced to close. Now, a lot of people are pleading with lawmakers for reform.
Director of Operations & Communications at SC Venue Crisis Sheila Merck stated, “This is about more than bars, restaurants, and music venues.” “The economy of South Carolina is at issue here.”
Merck reported that she has received inquiries about this problem from numerous companies throughout the state on Facebook and Instagram.
According to her, there have been significant insurance increases for local businesses such as WECO Bottle and Biergarten and New Brookland Tavern.
“Every single company in South Carolina is impacted by liability.” insurance, and our lawmakers have the power to address it,” Merck stated.
Merck clarified how this demonstrates how the price increase is harming the economy in light of companies like Henry’s in Cayce announcing their closure on Facebook over the weekend of January 7.
Detrimental
“Our state is going to be in a bad financial situation if this is not taken care of soon,” Merck stated, adding that “we have multiple people in the legislation that understand this as an issue.”
SC Venue Crisis is organizing a Tort Reform Rally to show support for small businesses affected by the insurance rate increases outside the statehouse. The rally was originally slated for Wednesday, January 9, but the weather forced a postponement.
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