7 in 10 small businesses uninsured from disasters

Posted on March 18, 2016 by - Services

We wanted to remind our clients who own small businesses to get business interruption insurance as the threat of El Nino and other disasters triggered by climate change continues to rise.

A new online survey of 500 US small business owners conducted by Nationwide revealed that 66% still lack business interruption insurance and 75% also don’t have a disaster plan in place.

Some of America’s small business owners may be feeling overconfident, even as we head into the spring storm season.

There hasn’t been a major US disaster in years, so there may be a sense of complacency. A survey found that small business owners, with least a moderate role in employee benefit selection, are split on whether climate change has increased or decreased the chance of a disaster affecting their company.

While small business owners are divided on the impact of climate change and El Nino on their company, 51% said some people would call them a “prepper.”

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