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75% of Small Businesses Are Underinsured, Says Hiscox Survey

October 11, 2023

Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets.

Small businesses are an essential part of the US economy, with 56 million workers employed at firms with fewer than 50 employees, representing 45% of all private-sector jobs as of the first quarter of 2022, according to the US Bureau of Labor and Statistics.

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