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.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.