Latest Small Business Headlines
All the headlines from our Small Business Topic Page, ordered by recency.
Business Risks the Same
Mar 7 2022 // This issue’s special report talks to a few carrier executives about the state of the small business insurance market and the opportunity and risks this important sector faces in 2022. But when it comes to top risks,...
Small Business Revolution
Mar 7 2022 // Optimism, Resiliency Open New Doors for Sector Sector Buoyed by Record Start-Ups, Pandemic Resiliency The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 2 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
Hub, Bold Penguin to Acquire Small-Business Digital Agency Insureon
Mar 1 2022 // Brokerage Hub International and insurtech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the top independent marketplace for online delivery of small-business...
Fox Point Expands E&O Liability Program for Small Business Risks
Dec 16 2021 // Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions...
Five ways to help small businesses get ahead of holiday risks
Nov 23 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The holiday season has arrived, which, among other things, means greater risks for small businesses as they prepare for a boost in sales, beginning...
Coalition Enters Executive Risk Insurance Market for Small Business
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
Experts Say Cyber Risks Present ‘Significant’ Threat for Small Businesses
Nov 10 2021 // Powered by InsuranceJournal.tv The idea that cyber criminals only target large companies with a wide footprint and more assets is “profoundly wrong,” experts say, as cyber attacks are becoming a growing threat...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
HSB Canada Introduces Cyber Coverage for Small Businesses
Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...
‘Hey, Insurance Industry: What About Us?’ Ask Small Businesses as Satisfaction Wanes
Sep 6 2021 // Insurance carriers and agents may want to pay more attention to small business insurance customers, especially those with commercial auto and workers’ compensation policies. They’re feeling neglected. According...
‘Hey, Insurance Industry: What About Us?’ Ask Small Businesses as Satisfaction Wanes
Aug 24 2021 // Insurance carriers and agents may want to pay more attention to small business insurance customers, especially those with commercial auto and workers’ compensation policies. They’re feeling neglected. According...
Robot Lawyer DoNotPay, Valued at $210 Million, Plans to Target Small Businesses
Aug 2 2021 // DoNotPay, a startup that describes itself as a robot lawyer striving to beat bureaucracy, has more than doubled its valuation to about $210 million, according to Chief Executive Officer Joshua Browder. The firm raised $10...
Neptune to Offer Flood Insurance to Small Business Administration Borrowers
May 14 2021 // Neptune Flood, an AI-driven flood insurance company, has launched sbaflood.com designed for SBA borrowers to obtain commercial flood insurance. Both owners and tenants are eligible for commercial flood insurance through...
Wisconsin’s M3 Insurance Unveils M3 Elevate for Small Businesses, Individuals
Apr 30 2021 // Madison, Wisconsin-based M3 Insurance (M3), an insurance broker and risk management firm with seven locations throughout Wisconsin and Illinois, has launched M3 Elevate (Elevate), a new division that encourages small...
Stand Alone, Together: Why SMBs Need Standalone Cyber Cover
Apr 5 2021 // It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyberattacks. Sixty-three percent of SMBs, surveyed in Fall 2019–prior to COVID-19 lockdowns–reported they had...
Leveraging carrier technology to support small business customers
Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those...
AXIS Partners with Elpha Secure to Provide Cyber Security for Small Businesses Globally
Mar 15 2021 // AXIS Insurance, the specialty insurance business segment of Bermuda-based AXIS Capital Holdings Ltd., has formed a strategic partnership with cyber security company Elpha Secure. Cyber insurance and software protection...
Small Businesses Find Optimism with Federal Help
Mar 8 2021 // Times are tough for many businesses but there is still some recent data that suggests optimism among small businesses. A new survey of more than 1,000 U.S. small business owners with fewer than 100 employees by Bill.com...
