#2,420 - Seattle business owner loses insurance over too many claims, protests by not paying taxes

A local small business owner is losing his insurance policy after three years of “unfavorable loss” due to claims made after tens of thousands of dollars in damages due to the crime crisis. In protest, he exclusively told “The Jason Rantz Show” on KTTH that he won’t collect taxes for Washington unless he’s able to find an insurance company willing to cover his business.

Nirav Sheth owns four brick-and-mortar small businesses across the Puget Sound region. He said the vandalism and break-ins are constant, forcing him to submit insurance claims to help cover the surging costs of repair.

But on June 27, Sheth said he was informed by Allied Insurance Company that he’s losing his coverage. His last day under the policy is September 29, 2024. The decision comes after filing claims totaling over $133,000 over three years. This didn’t even cover all the incidents his businesses suffered.