Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent has business (NOT personal insurance covering aspects of the business) insurance regardless of how obtained OR does not know.
7. How much do you estimate that you spend per year on insurance of ALL types as a percentage of total sales? Include workers' and unemployment compensation.
| Response | ||||
|---|---|---|---|---|
| 1 | < 1 - 2 percent | 11 | ||
| 2 | 3 - 5 percent | 22 | ||
| 3 | 6 - 10 percent | 22 | ||
| 4 | 11 - 15 percent | 6 | ||
| 5 | 16 percent or more | 9 | ||
| 6 | DK/Refuse | 31 | ||
| Total (%) | 101 | |||
| N | 716 | |||
Notes: Twenty-two (22) percent of small employers with business insurance (or are not certain if they have it) estimate that they spend the equivalent of 3 - 5 percent of sales revenues on business insurance (Q#7).
