Property insurance
Employment practices liability insurance
Cyber coverage
Flood insurance
Professional liability insurance / E&O
Business interruption
Product liability insurance
Product recall
Litigation funding policy (protect against social inflation/nuclear verdicts)
I didn’t make an insurance claim for my business in 2024
0%
5%
10%
15%
20%
25%
30%
35%
31%
30%
26%
27%
28%
25%
27%
22%
22%
14%
86%
of small business owners filed an insurance claim in 2024 (NET)
Source:
Gallagher