Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent's business either purchases insurance OR is self-insured and purchases insurance AND respondent identifies one type of business insurance premiums rising faster than all others.
How have you responded to the increase in insurance to cover (the respondent's most rapidly rising per unit insurance premium)? Did you or do you plan to:?
5A. (response to premium increases) Change insurers.
Response | ||||
---|---|---|---|---|
1 | Yes | 34 | ||
2 | No | 62 | ||
3 | DK/Refuse | 4 | ||
Total (%) | 100 | |||
N | 581 |
Notes: Thirty-four (34) percent of small employers who purchase business insurance responded to their largest premium increase by changing insurers (Q#5A).