You’ve made it. You’re nearing the end of that all important first year in business. You’re a success. Things have gone better than you’d hoped.
Your legal malpractice premium is going to come due on your first anniversary. Happy Anniversary!
My second year premium jumped 30% over the premium I paid the first year I was in business. Virtually nothing had changed on my application other than I was in business for a year.
The price increase felt significant. I hadn’t budgeted for this. After talking with my agent, this kind of jump in premiums in common.
Be prepared for this anniversary gift.