SCIOP Index for Q4 2014 Is +1.36%, Showing Incremental Increases in Insurance Prices
With 309,000 new jobs and a small-business optimism index at 100.4 (a high that exceeds historical normal ranges), the fourth quarter of 2014 was a good period for small businesses in the United States. The positivity did not come only from perceived changes, either: small commercial insurance prices increased only negligibly year over year. The Small Commercial Insurance Online Pricing (SCIOP) Index shows that business insurance policies increased just 1.36% for the nation’s smallest firms between Q4 2013 and Q4 2014.
For an analysis of how prices changed in various professions and regions of the country, read the full SCIOP Index report.
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