Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent purchases insurance to cover business interruption.
3C1. On a cost per unit of coverage basis, has the price of insurance covering business interruption over the last year or so:? By what percentage has the price risen for business interruption coverage?
| Response | ||||
|---|---|---|---|---|
| 1 | Risen - 50+ percent | 2 | ||
| 2 | Risen - 20 - 49 percent | 7 | ||
| 3 | Risen - < 20 percent | 22 | ||
| 4 | Risen - DK/Refuse | 7 | ||
| 5 | Stayed about the same | 51 | ||
| 6 | Fallen | 2 | ||
| 7 | DK/Refuse | 10 | ||
| Total (%) | 101 | |||
| N | 287 | |||
Notes: Thirty-eight (38) percent of small employers who have business interruption insurance had premium increases in the last year (Q#3C1).
