Canadian Underwriter

Common small business claims


October 25, 2017   by Compiled by Greg Dalgetty


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Small business owners on a budget may be tempted to get by on bare-bones insurance coverage—but claims can arise for a number of unexpected reasons. According to The Hartford, 40% of small business owners are likely to make property or general liability claims in the next 10 years. While reputational harm is the costliest claim, it isn’t the most common, with only 5% of small businesses likely to have a claim. Here’s a look at the most common property and liability claims for small businesses.

common-small-business-claims

Source: The Hartford

This story was originally published by Canadian Insurance Top Broker.