Search
 

Small Employers See Higher Insurance Costs

Small Employers See Higher Insurance Costs Size matters when it comes to the cost of insurance, according to a study by New York City-based insurance ...

By Mark E. Ruquet | Updated on February 25, 2003

Small Employers See Higher Insurance Costs Size matters when it comes to the cost of insurance, according to a study by New York City-based insurance broker Marsh, which indicates that smaller employers pay a larger portion of their revenues for insurance management costs than larger ones.

The study, entitled “Casualty Cost of Risk 2003,” asked 1,050 respondents across 23 industry classifications about the cost of insurance compared to revenue. The report examined the combined costs for a policyholder covering workers compensation, general liability and automobile liability, which account for about 90 percent of “total financial outlays” in insurance coverage for U.S. corporations.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.