Insurance Experts & Small Business Insurance

Insurance expert witnesses specialize in many fields including bad faith, insurance fraud, risk management, as well as automotive, disability, health, life, property, and liability insurance. The Hiscox USA Small Business Survey discusses the biggest mistakes small business owners make regarding insurance.

The biggest mistake a small business owner can make when purchasing insurance is not understanding what their insurance policy covers, according to 37% of respondents. Understanding what their insurance covers is important as 72% of respondents agreed that small businesses need insurance the moment their business is launched.  Respondents also said that not doing research on rates (17%) and not buying a policy that is customized for their industry (16%) were other top mistakes small businesses make when purchasing insurance.

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About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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