Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent purchases insurance to cover employment-related liability.
3H1. On a cost per unit of coverage basis, has the price of insurance covering employment-related liability over the last year or so:? By what percentage has the price risen for employment-related liability coverage?
Response | ||||
---|---|---|---|---|
1 | Risen - 50+ percent | 1 | ||
2 | Risen - 20 - 49 percent | 12 | ||
3 | Risen - < 20 percent | 28 | ||
4 | Risen - DK/Refuse | 7 | ||
5 | Stayed about the same | 42 | ||
6 | Fallen | 0 | ||
7 | DK/Refuse | 10 | ||
Total (%) | 100 | |||
N | 179 |
Notes: Forty-eight (48) percent of small employers who have employment-related liability insurance had premium increases in the last year (Q#3H1).