There is a direct correlation between small business owners’ confidence in their insurance coverage and their past claims experience, according to a new study from The Hanover Insurance Group and Forbes Insights. Small business owners are more likely to trust insurance coverage if past claims experiences have been positive, according to a collaborative report from The Hanover Insurance Group and Forbes Insights. The 2019 Small Business Risk Report showed that 36% of those surveyed had experienced bad claims handling from their carriers, which impacted their confidence in coverage. A new survey by the National Federation of Independent Business , The study also showed 67% of business owners had growing concerns about their cyber liability and vulnerability to data breaches as they digitised business.
Small business owners are more likely to trust insurance coverage if past claims experiences have been positive, according to a collaborative report from The Hanover Insurance Group and Forbes Insights. The 2019 Small Business Risk Report showed that 36% of those surveyed had experienced bad claims handling from their carriers, which impacted their confidence in coverage. A new survey by the National Federation of Independent Business, The study also showed 67% of business owners had growing concerns about their cyber liability and vulnerability to data breaches as they digitised business.