Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent purchases workers' compensation insurance.
3I1. On a cost per unit of coverage basis, has the price of insurance covering workers’ compensation over the last year or so:? By what percentage has the price risen for workers' compensation coverage?
Response | ||||
---|---|---|---|---|
1 | Risen - 50+ percent | 4 | ||
2 | Risen - 20 - 49 percent | 17 | ||
3 | Risen - < 20 percent | 29 | ||
4 | Risen - DK/Refuse | 8 | ||
5 | Stayed about the same | 31 | ||
6 | Fallen | 4 | ||
7 | DK/Refuse | 8 | ||
Total (%) | 101 | |||
N | 571 |
Notes: Fifty-eight (58) percent of small employers who have workers' compensation insurance had premium increases in the last year (Q#3I1).