Smaller Companies Buy Lower Limits
Whether its the economy or rising premium rates to be blamed, smaller commercial insurance buyers are dropping their liability limits and opening themselves up to absorbing bigger losses.
That finding was part of an annual research report, "Limits of Liability 2001: Divergence," by New York-based insurance broker Marsh. The study examines the liability limits purchased by more than 2,600 companies in the United States, Canada and the United Kingdom.
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