The 2018 Small Business Risk Report by The Hanover Insurance Group found that only half of all small business owners are reviewing their commercial insurance policies each year.
“With risks evolving and becoming more complex, it’s more important than ever for small business owners to evaluate their insurance needs to help ensure they are properly protected,” said Michael R. Keane, president of core commercial at The Hanover.
The three biggest concerns for small business owners are data breaches, loss of employees and business interruption. but only 21% made adjustments to their policy if advised by their agent. As risks like cyber, employment practices liability and crime exposures, increase, it is important for you to make sure you and your agent discuss your policy every year and increase/change your coverage as needed. At Anastasi Insurance Agency, we provide expert counsel to help assess small business owners’ risks, identify solutions and guide them through the insurance buying process. We make sure that our insured’s are not apart of the 67% who don’t feel that they have adequate coverage..
