General Climbing Discussion

Topic	Date	User
Vic Ranges - Another Steep Price Increase	19-Feb-2004 At 11:14:42 PM	bmblydad
Message
Gyms and many others have been justifying price hikes as due to increased insurance premiums. Often it can be heard that premiums have doubled, tripled increased by thousands etc. What I have never heard is insurance premiums given as a % of turnover, ie if a premium increase is $5000, that sounds a lot, but if it is only 5% of turnover then a price increase of only 5% is required to cover it & keep profits the same. The increases may justify the rise but I'd like to know what percentage of gross income goes to paying insurance.

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