Nearly 30 million small businesses pepper the Main Streets of every community across the United States, according to the U.S. Small Business Administration.
They are restaurants, dry cleaners, contractors and professional firms, and opportunity abounds for the insurance market when it comes to selling policies to these workhorses of the American economy.
In fact, a small-business survey from the National Association of Insurance Commissioners found that more than 90 percent of small businesses carry property and liability coverage, and just more than 60 percent carry workers' compensation coverage. Further, as the small-business community grows, so does its need for insurance policies including workers' compensation, business interruption, commercial auto and other coverages, according to the NAIC.
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