Latest Small Business Headlines
All the headlines from our Small Business Topic Page, ordered by recency.
HSB Launches Workplace Violence Insurance for Small Businesses
Feb 18 2021 // HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling, crisis communications, lost business income and security services to help companies...
USAA, Serving Military and Veterans, Enters Small Business Insurance Market
Feb 8 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states...
Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic
Feb 4 2021 // The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according...
$262M in Main Street Grants Aid 21K Louisiana Small Businesses
Feb 1 2021 // Nearly 21,000 Louisiana businesses received more than $262 million in grants to help them weather the impact of the coronavirus pandemic, under a program managed by state Treasurer John Schroder and financed by lawmakers...
USAA, Serving Military and Veterans, Enters Small Business Insurance Market
Jan 28 2021 // The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states –...
The Company You Keep Can Make All the Difference for Your Small Business Clients
Jan 25 2021 // This post is part of a series sponsored by Hanover Insurance Group Inc. Tens of thousands of small businesses have changed the way they do business, interacting with customers digitally and adjusting their offerings to...
American Family Insurance to Acquire Small Business Insurtech Bold Penguin
Jan 14 2021 // Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to...
Here’s What’s New in U.S. Small Business Pandemic Paycheck Protection Program
Jan 11 2021 // The Small Business Administration launches on Monday more Paycheck Protection Program loans to help small businesses weather the coronavirus pandemic. Congress last month approved $284 billion in new funds for the...
Small Businesses, Lacking Legal Immunity, Fear COVID-19 Liability Lawsuits
Dec 22 2020 // Plans for a lawsuit against a Maine venue that hosted what became a “superspreader” wedding reception underscore the liability risks to small businesses amid the coronavirus pandemic and an uphill push by...
Cybersecurity Firm Transmosis, Cysurance Offer Small Business Subscription
Dec 22 2020 // Cybersecurity firm Transmosis and insurance agency Cysurance have launched a bundled cybersecurity and insurance product that requires no insurance brokers, research, or yearly contracts and is sold on a monthly...
NOW Insurance, Targeting Small Business, Professionals, Closes on $2.5M Seed Round
Dec 10 2020 // Houston-based NOW Insurance, an AI-enabled insurance platform aimed at matching small business owners and professionals with commercial insurance coverage plans, has secured another $1.25 million in seed funding led by The...
Small Business Insurtech Huckleberry to Offer Pandemic Business Interruption Plan
Dec 3 2020 // Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs. The Pandemic Business Interruption plan will be...
Pennsylvania Governor Strikes Down Bill That Would Have Limited COVID-19 Lawsuits
Dec 2 2020 // Pennsylvania Governor Tom Wolf has vetoed a bill that would have expanded liability protection against COVID-19-related lawsuits for various businesses and entities in the state as they continue to grapple with coronavirus...
California Will Provide $500M in Virus Aid for Small Businesses
Dec 2 2020 // California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced Monday. The tax measures include a three-month...
Louisiana Virus Aid Funds Run Low with Small Business, Local Requests Unmet
Nov 24 2020 // Louisiana will run out of federal coronavirus money before it pays out grants to all eligible small businesses and local government agencies seeking dollars from COVID-19 aid programs created by Gov. John Bel Edwards and...
Illinois Fines Continental Indemnity, Applied Underwriters $250K for Unapproved Sales
Nov 18 2020 // Two former Berkshire Hathaway companies have been hit with a $250,000 fine by Illinois regulators for selling unapproved workers’ compensation policies to small businesses. The Illinois Department of Insurance says...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks
Oct 21 2020 // Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the...
The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World
Sep 30 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
Chubb Names Updyke as Division President of Chubb Small Business
Sep 29 2020 // Insurer Chubb has named Jeffrey Updyke as vice president, Chubb Group, and division president, Chubb Small Business. In this capacity, Updyke will have executive responsibility for Chubb’s retail insurance business...
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade
Sep 24 2020 // Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the...
