Filed Under:Markets, Commercial Lines

U.S. Companies Spend Most on Liability Insurance, Led by Services Industry

Companies shopping in the $237 billion U.S. commercial-insurance market are purchasing liability products more than any other type of coverage, a recent study shows.

In its latest sigma study, titled "Insuring Ever-Evolving Commercial Risks," Swiss Re notes that corporate-insurance demand varies by company size and industry, but overall, premiums for liability coverages averaged $1.75 per every $1,000 in revenue for companies across nine industries in 2010, more than any other commercial coverage.

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