Written by George Kelly, SF Standard
Liberty Mutual Insurance said it will stop offering business owner policies in California this fall. Current policies will not be renewed from December.
In a statement Thursday morning to The Standard, a spokesman explained the company’s decision to no longer offer a business-owner policy starting on Oct. 1, 2023.
“We regularly assess our position in every market to ensure we are delivering competitive, innovative products that meet our customer needs while achieving our business goals,” spokesman Gregory Kessler said. “Sometimes that results in a determination that a product is no longer effectively delivering on those aspirations, and we must retire that line.”