Did you know you can find summary actuarial statistics for your business insurance policies in filings to regulators, which are public?
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Replying to @patio11
USLI estimates that one-person consulting shops without a history of being sued will be sued 0.79% of all years. Avg expense: $42,459.
1 reply 2 retweets 9 likes -
Replying to @patio11
This implies $337 of average losses on an insurance policy to cover that consulting shop. USLI accordingly prices it at $695 (base price).
2 replies 2 retweets 7 likes -
Replying to @patio11
If you geek out on this kind of stuff a) we should be friends and b) http://www.insurance.arkansas.gov/PandC/FilingElectronic/20086/USLI-125643237.pdf …
3 replies 1 retweet 22 likes -
Replying to @patio11
Do you know a good source for the USLI estimates for non-Arkansas states?
1 reply 0 retweets 0 likes
I think those estimates are based on their national loss data, but you could check with the regulator for your state.
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