Forbes Insights and The Hanover Find Less Than Half of Small Business Owners Spend Sufficient Time Assessing Their Insurance Needs

By a News Reporter-Staff News Editor at Insurance Weekly News -- A new study indicated that less than 37 percent of small business owners feel they have adequate insurance protection, according to a study conducted by Forbes Insights, the strategic research and thought leadership practice of Forbes Media, and The Hanover Insurance Group, Inc., a leading property and casualty insurance company. The joint 2018 Small Business Risk Report surveyed small business owners across the country to evaluate their understanding of insurance risk exposures and insurance purchase behaviors.

The 2018 Small Business Risk Report concludes that small business owners are concerned about increasing risks including cyber, employment practices liability and crime exposures, yet, often are not spending enough time assessing their insurance needs and ensuring they have the right insurance solutions. In fact, less than half of small business owners surveyed indicated they are spending sufficient time assessing their insurance needs.

Keywords for this news article include: Business, Financial Companies, The Hanover Insurance Group Inc, Property and Casualty Insurance Companies.

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