Marsh Study: WC Is 62% of All Risk Dollars

For every $1,000 of revenues, U.S. employers spend an average of $2.45 on insurance and other measures to manage their casualty risks, according to a just-issued study by Marsh Inc., the risk and insurance services firm. However, the report finds that costs vary dramatically, depending on the organization's size and industry, with small employers paying 11 times more than the largest companies. In addition, on average, workers compensation protection accounts for 62 cents of every dollar U.S. industry spends to manage its casualty exposures. These conclusions cover auto, workers compensat...