Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent purchases insurance to cover premise liability, such as slips and falls.
3F1. On a cost per unit of coverage basis, has the price of insurance covering slips and falls over the last year or so:? By what percentage has the price risen for premise liability coverage?
| Response | ||||
|---|---|---|---|---|
| 1 | Risen - 50+ percent | 4 | ||
| 2 | Risen - 20 -49 percent | 11 | ||
| 3 | Risen - < 20 percent | 27 | ||
| 4 | Risen - DK/Refuse | 7 | ||
| 5 | Stayed about the same | 41 | ||
| 6 | Fallen | 1 | ||
| 7 | DK/Refuse | 9 | ||
| Total (%) | 100 | |||
| N | 523 | |||
Notes: Forty-nine (49) percent of small employers who have premise liability insurance had premium increases in the last year (Q#3F1).
