Rapid small business growth in top U.S. cities like Austin, Miami, and Phoenix is outpacing proper insurance coverage, exposing many companies to significant risks. Around 40% of new businesses have only minimal liability insurance, with one-third lacking business interruption coverage amid rising cyber threats and weather risks. Industries such as construction and food service face high legal risks but often remain underinsured. Expanding businesses must update insurance to match growth and operational changes to avoid potentially devastating losses.
Continue to full article
Leave a Reply