Business Insurance

• 1Overall, do you believe that the biggest problem with business insurance today is:?Top 100 question
• 2Do you buy business insurance, self-insure, or both buy and self-insure?
• 3A(business insurance coverage) Property damage.
• 3A1On a cost per unit of coverage basis, has the price of insurance covering property damage over the last year or so:? By what percentage has the price risen for property damage coverage?
• 3A2In the last year, have you filed one or more claims for $1,000 or more on insurance covering property damage?
• 3A3Did you drop coverage for property damage in the last three years, OR have you not purchased it in the last three years?
• 3B(business insurance coverage) Product or professional liability, including negligence, and errors and omissions.
• 3B1On a cost per unit of coverage basis, has the price of insurance covering product or professional liability over the last year or so:? By what percentage has the price risen for product or professional liability coverage?
• 3B2In the last year, have you filed one or more claims for $1,000 or more on insurance covering product or professional liability?
• 3B3Did you drop coverage for product or professional liability in the last three years, OR have you not purchased it in the last three years?
• 3C(business insurance coverage) Business interruption.
• 3C1On a cost per unit of coverage basis, has the price of insurance covering business interruption over the last year or so:? By what percentage has the price risen for business interruption coverage?
• 3C2In the last year, have you filed one or more claims for $1,000 or more on insurance covering business interruption?
• 3C3Did you drop coverage for business interruption in the last three years, OR have you not purchased it in the last three years?
• 3D(business insurance coverage) Environmental liability.
• 3D1On a cost per unit of coverage basis, has the price of insurance covering environmental liability over the last year or so:? By what percentage has the price risen for environmental liability coverage?
• 3D2In the last year, have you filed one or more claims for $1,000 or more on insurance covering environmental liability?
• 3D3Did you drop coverage for environmental liability in the last three years, OR have you not purchased it in the last three years?
• 3E(business insurance coverage) Employee health.
• 3E1On a cost per unit of coverage basis, has the price of insurance covering employee health over the last year or so:? By what percentage has the price risen for employee health coverage?
• 3E2Did you drop coverage for employee health in the last three years, OR have you not purchased it in the last three years?
• 3F(business insurance coverage) Slips and falls, and similar liability claims (premise liability).
• 3F1On a cost per unit of coverage basis, has the price of insurance covering slips and falls over the last year or so:? By what percentage has the price risen for premise liability coverage?
• 3F2In the last year, have you filed one or more claims for $1,000 or more on insurance covering slips and falls?
• 3F3Did you drop coverage for slips and falls in the last three years, OR have you not purchased it in the last three years?
• 3G(business insurance coverage) Vehicle collision and liability.
• 3G1On a cost per unit of coverage basis, has the price of insurance covering vehicle collision and liability over the last year or so:? By what percentage has the price risen for vehicle collision and liability coverage?
• 3G2In the last year, have you filed one or more claims for $1,000 or more on insurance covering vehicle collision and liability?
• 3G3Did you drop coverage for vehicle collision and liability in the last three years, OR have you not purchased it in the last three years?
• 3G2aHow satisfied were you with the insurance company’s response? Were you very satisfied, generally satisfied, not too satisfied, or not at all satisfied?
• 3H(business insurance coverage) Employment-related liability such as defamation or wrongful termination
• 3H1On a cost per unit of coverage basis, has the price of insurance covering employment-related liability over the last year or so:? By what percentage has the price risen for employment-related liability coverage?
• 3H2In the last year, have you filed one or more claims for $1,000 or more on insurance covering employment-related liability?
• 3H3Did you drop coverage for employment-related liability in the last three years, OR have you not purchased it in the last three years?
• 3I(business insurance coverage) Workers’ Compensation
• 3I1On a cost per unit of coverage basis, has the price of insurance covering workers’ compensation over the last year or so:? By what percentage has the price risen for workers' compensation coverage?
• 3I2In the last year, have you filed one or more claims for $1,000 or more on insurance covering workers’ compensation?
• 3I3Did you drop coverage for workers’ compensation in the last three years, OR have you not purchased it in the last three years?
• 3I2aHow satisfied were you with the insurance company’s response? Were you very satisfied, generally satisfied, not too satisfied, or not at all satisfied?
• 4For which ONE type of insurance has the cost per unit gone up the most in the last year or two?Top 100 question
• 5A(response to premium increases) Change insurers.
• 5B(response to premium increases) Increase the deductible.
• 5C(response to premium increases) Reduce or eliminate this coverage.
• 5D(response to premium increases) Change agent or broker.
• 5E(response to premium increases) Change business operations to reduce claim risk.
• 5F(response to premium increases) Increase employee cost-share.
• 6Do you carry extra life insurance on yourself for the sole purpose of paying any potential estate and/or gift tax on your business?
• 7How much do you estimate that you spend per year on insurance of ALL types as a percentage of total sales? Include workers' and unemployment compensation.
• 8Do you consider yourself very knowledgeable, somewhat knowledgeable, not too knowledgeable, or not at all knowledgeable about business insurance?
• 9Do you have one person whom you would call, “my insurance agent?”Top 100 question
• 9aIs that person your primary source, an important source, a modestly important source, or not an important source of business insurance and your firm’s insurance needs?

Volume 2, Issue 7, 2002
ISSN 1534-8326

William J. Dennis, Jr.
NFIB Research Foundation