Three out of four small business are underinsured: Hiscox
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Three out of four small business are underinsured: Hiscox

Shelby Rosenberg
October 10, 2023
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Three-quarters of small businesses are underinsured, and 71% do not understand what their business owners’ policy covers, according to Hiscox’s latest underinsurance survey.

The survey report, released on Tuesday, noted that 35% of small businesses do not have general liability (GL) insurance, and of the US small businesses who have been operating for 10 years or more, 39% have never updated their...

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NewsGeneral casualty/GL
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