How Insurers Can Help Small Businesses Grow and Prosper

According to the Census Bureau, Americans created more than 5.4 million new companies in 2020, an increase of 30% — the highest total on record. Peace of mind allows a business owner to invest their resources where they are needed most, helping to ensure long-term success and growth. According to a...

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Bibliographic Details
Published in:Insurance Journal 2023-03
Main Author: Schramm, Chris
Format: Article
Language:English
Subjects:
Business insurance
Fraud
Insurance coverage
Pandemics
Small business
Supply chains
Online Access:Get full text
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Summary:According to the Census Bureau, Americans created more than 5.4 million new companies in 2020, an increase of 30% — the highest total on record. Peace of mind allows a business owner to invest their resources where they are needed most, helping to ensure long-term success and growth. According to a 2018 Association of Certified Fraud Examiners survey, small businesses had an annual median loss to fraud of $200,000.
ISSN:0020-4714