Spotlight: How much do businesses spend on liability?

Thursday, January 14, 2016

A minuscule amount. The Risk & Insurance Management Society calculates annual insurance and claims costs for U.S. businesses including property damage, workers compensation and all other liability costs.  In 2014, liability costs were only $10.90 per $1,000 in revenue in 1999, down 1 percent from 2013.

Source: Insurance Journal

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