Commercial insurance is one of the most crucial investments/decisions that all business owners have to make. You have worked hard to build your company and having the right coverage can be the difference between going under and staying afloat in case of damage or lawsuits. Below we have compiled a list of useful facts and statistics and placed them into a business insurance infographic to help you out and get you thinking.
Business Insurance Infographic Highlights
In 2009 there were over 27.5 million small businesses in the U.S. and 50% of small businesses (over 10 employees) provide health insurance. In 2007 there were 2.3 million Hispanic-owned businesses in the U.S. 2/3 of all businesses close before their 10th anniversary.
Because of the complexities involved in commercial risks, independent agents capture approximately 80 percent of the U.S. commercial lines market. In 2011 there was almost $215 billion of net written commercial lines premium.
500,000 trucking accidents occur every single year. 1 of 8 fatality accidents involve a commercial truck and 68% of fatal truck crashes occur in rural areas.
While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.