Does the cost of insurance in Rhode Island have a substantive negative effect on your business?
• Yes – 56.3%
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• No – 43.8%
How has the cost of insurance for your company changed over the past two years?
• It has gone up by more than 50% – 0%
• It has gone up by 25% to 50% – 31.3%
• It has gone up, but less than 25% – 50.0%
• It has held steady or dropped – 18.8%
Which type of insurance has changed the most dramatically in the past two years?
• Property – 53.3%
• Casualty – 20.0%
• Workers’ compensation – 26.7%
• Flood – 0.0%
What steps do you take to prevent increases?
• Gather bids from more carriers – 56.3%
• Periodic evaluations and reduction of the
company’s risks – 68.8%
• Looking for more package deals – 37.5%
