Canadian Underwriter

Small business concerns over insurance continue to surface

April 2, 2004   by Canadian Underwriter

Print this page Share

In its most recent poll of members, the Canadian Federation of Independent Business (CFIB) finds that insurance continues to be a sore spot for small-to-medium sized business owners.
Along with energy costs, insurance price hikes are a thorn in the side of business owners as they warm to an increasingly stable economy. While 43% of companies are anticipating stronger results in the coming months, a full 68% say insurance premiums have negatively affected bottom-line performance in the first quarter of 2004. In fact, insurance is the single most-cited negative driver, topping even soaring energy prices, cited by 64%. Only 8% of members say their insurance rates have improved during the first quarter, adds CFIB chief economist Ted Mallett.

Print this page Share

Have your say:

Your email address will not be published. Required fields are marked *