Help with Skyrocketing Insurance Premiums

My name is Joe Clarke. My wife, Rosie and I own Forte Jazz Lounge. We opened in August 2019. We have weathered a lot of storms; the stress and challenges that come with starting a new business, COVID closing us down 6 months after opening, reopening to nearly empty houses for several months, literal storms coupled with an old roof that have caused half a dozen leaks creating issues with our patrons' comfort, a riot that resulted in smashed window and invasion into our office. But it hasn't been all bad. We've added dozens of exciting shows, added a kitchen and an impressive menu, hired supportive and energetic staff, hired more A-list musicians and singers to perform, acquired our liquor license and updated furnishings and seating capacity. I am very proud of what Rosie and I and our team have accomplished. We have had thousands of attendees at our shows and have had stellar reviews all along the way.

With all of that success through adversity, we may have met our match. When we opened, our Liquor Liability Insurance was at $6000, the next year, $12,000. Last year it rose to over $32,000. Now all of the quotes we have received have been $42,000+ to nearly $ $70,000. Our insurance has to be renewed by March 3, 2024. This is insurance coverage that is required in South Carolina.

Here we are staring down the barrel of a potentially lethal blow to our business. What can we do? We are trying desperately not to raise prices. We feel like we are at a good price point for most people to enjoy great music. With time running out and few options, I am asking for your help to keep us open and viable.

Thank you,

Joe and Rosie Clarke

Owners, Forte Jazz Lounge

477 King St. Charleston, SC 29403