Small business owners have to deal with the same things as large business owners, such as the government regulations and the other things that are listed, but just it is just to a smaller extent than large corporations. Having the right business insurance can help small business owners stay protected from any issues they may face. The top 5 issues that small business owners worry about are:
- Customer acquisition and retention
- Functionality and reliability of technology
- Talent management, such as recruiting and retaining staff
- Taxes, government regulations, and healthcare reform
- Financing and a decreasing ability to acquire funds
Having the right business insurance can help small business owners avoid these worries, and make sure they are covered in any event. The top three insurance claims made by small business are loss of income, such as if the business closes, damage to the building or its contents, and computer or data loss.
Even dealing with all of these potential problems, out of the 28 million small businesses in America, 50% think that they will see some growth in 2014. This will not only benefit the company, but the rest of the population as well since small businesses employ 1/3 of the population.
When it comes to finding the best commercial insurance plan for your small business, contact the insurance experts at Access First Insurance.