The 2023 Hiscox Underinsurance in Small Business Report gauges US businesses’ protection against potential lawsuits and claims, as well as testing their understanding of insurance policies.
05/03/2024
·6 minute read
Many business owners buy insurance when their business starts taking off — it’s one important thing to check off the list.
But business needs can change, and sometimes, the insurance you bought early on no longer fits, and your business may not be as well protected as you think.
The 2023 Hiscox Underinsurance in Small Business Report gauges US businesses’ protection against potential lawsuits and claims, as well as testing their understanding of insurance policies. Here’s what we learned.