Latest Small Business Headlines

All the headlines from our Small Business Topic Page, ordered by recency.

Connecticut Flood Recovery Centers for Small Businesses Now Open

Sep 27 2024 // Connecticut Governor Ned Lamont announced that the U.S. Small Business Administration (SBA) has opened two business recovery centers that are now providing in-person assistance to businesses applying for federal disaster...

AI Being Used to Scam Small Business Owners, Says Nationwide Survey

Sep 26 2024 // Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence.Cybercriminals increasingly use generative AI, including...

Connecticut Offers $5 Million in Grants to Help Small Businesses With Flood Recovery

Aug 27 2024 // Connecticut Gov. Ned Lamont announced that the state is launching a $5 million micro-grant program to assist small businesses in the western portion of the state rebuild and recover from the record rainfall and flooding...

People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting

Jul 24 2024 // Michelle Shaver Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver...

Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat

May 6 2024 // The first quarter Small Business Index, which measures small business owner confidence, is 62.3 – similar to last quarter’s score of 61.3 – reflecting a stable business climate. More small businesses see...

Price or Safety? Priorities Change for Small Businesses After a Workers Comp Claim

Apr 26 2024 // Previous workers’ compensation claims can present an opportunity for agents serving small-business clients.The Hanover’s “2024 Small Business Risk Report: A Focus on Workers’ Compensation,”...

Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat

Apr 16 2024 // The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar to last quarter’s score of 61.3—reflecting a stable business climate. More small businesses see an improving...

People Moves: IC International Appoints Kim VP; WCF Promotes Riedley to SVP and Curtis to CUO, Small Business; Island Insurance Promotes Onofrietti and Chong

Apr 11 2024 // IC International Appoints Kim Vice PresidentIC International, headquartered in Honolulu, appointed Nova Kim as vice president. Kim oversees the execution of IC International strategy and provides oversight of daily...

Small Businesses Hurt by Maryland Bridge Collapse Are Eligible for Disaster Loans

Apr 10 2024 // The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland.Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury...

Small Business Cyber Gap

Mar 4 2024 // Yvette Prichard says cyber insurance continues to be an area where small businesses have significant gaps in their insurance portfolios. “It is a big risk; any business that does anything on a computer needs cyber...

Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities

Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...

Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses

Jan 30 2024 // BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small...

Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox

Dec 7 2023 // The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high.The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy or...

Underinsured Small Biz

Nov 6 2023 // Small business owners are optimistic about their future with 71% expecting revenue increases in 2024, according to Q3 2023 MetLife & U.S. Chamber of Commerce Small Business Index. The survey found that 42% of small...

California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners

Oct 24 2023 // Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000...

Summit: How Cannabis Brokers Can Get SMB Clients Better Insurance

Oct 13 2023 // Big multistate operators often get the bend-over-backward treatment from all service providers, but what are insurance brokers looking to get the same treatment for their small-to-midsize client to do?It turns out,...

75% of Small Businesses Are Underinsured, Says Hiscox Survey

Oct 11 2023 // Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets.Small businesses are an essential part of the US economy, with 56 million workers...

SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia

Oct 3 2023 // Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia’s state-owned airline Aeroflot.The lessor under...

Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey

Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...

Next Insurance Offering Allows Agents to Customize Small Business Quotes

Sep 22 2023 // Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder...