As a small business owner, is your business protected? Two out of every five home-based business have no personal insurance due to a limited budget. In addition, 51% of businesses with 10 employees or less don't offer health insurance. While this might not cause a lawsuit, it makes it much harder to recruit against competitors. Here are some other numbers to consider:
Related: Protective Insurances for SMBs
- 33% of small business owners face lawsuits
- 57% of lawsuits affect revenues of less than $1M
- Workers' comp only cost about 30 cents per $100 of payroll
In this video, we provide you with facts about health insurance, workers' compensation, and other types of business insurance so you can make an educated decision about protecting your company.