NU Online News Service, March 7, 1:41 p.m. EST
Larger companies benefited from carrier competition on their employment practices liability risk receiving more rate decreases than small and midsize businesses, according to a report from insurance broker Marsh.
In Marsh's latest benchmarking trends report on EPLI, 58 percent of large organizations (4,000 or more employees) received rate decreases in their coverage in 2011. That translated into close to 4 percent average rate decrease for the year. While the majority of large organizations enjoyed decreases, 14 percent saw rate increases while 28 percent saw no change.
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