Small Businesses Underestimate Catastrophic Interruption Losses: Survey
Safeco said a survey of small-business owners found that more than half of them have no business interruption insurance and know little about it.
The Seattle-based insurer said it has formulated an extremely simple online calculator for businesses and agents to calculate coverage needs after its research showed many small concerns do not understand the benefits of business interruption insurance and underestimate how much it will take for them to get their businesses up and running again after a major catastrophic loss.
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