small business News

Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic

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 to a Federal Reserve survey released on …

BTIS to Automate Distribution with IVANS

Commercial lines insurer to automate appetite communications and market products directly in agencies’ daily workflows TAMPA, Fla. – January 27, 2021 – IVANS®, a division of Applied Systems®, today announced that BTIS, a leading insurance intermediary Amynta Group company focused …

The Company You Keep Can Make All the Difference for Your Small Business Clients

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 provide new consulting services, advice, …

Chubb Names Updyke as Division President of Chubb Small Business

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 that serves small commercial clients in the U.S. and Canada. …

Holmes Murphy Expands Nebraska Main Street Program to Smaller Companies

Iowa-based Holmes Murphy has expanded Main Street, its captive insurance subsidiary built to give small businesses the same buying power as big corporations, to include businesses with 10 to 50 employees. Since its inception in 2014, Main Street has helped …

Few Small Businesses Feel the Need to Prepare for Climate Change

Constant reminders in the media over threats of rising sea levels, more frequent storms, or the promise of blistering droughts along with water scarcity still won’t get people to prepare for the anticipated effects of climate change. Getting people to …

Gridiron Insurance Releases Nationwide Small Business Program Platform

Gridiron Insurance Underwriters Inc., a program manager that specializes in program business on a regional and national basis, has launched a new platform product designed for small businesses. Gridiron Insurance Underwriters’ Gridiron Package Select (GPS) is a fully automated program …

The Hartford Expands Professional Liability Products to Small Business

The Hartford has launched a new professional liability insurance offering to help protect small businesses in the event they are sued by a customer claiming a negligent act, or error or omission in the professional services they provide. This new …

ACE Expands Specialty Insurance Offerings for Small Businesses

ACE Commercial Risk Services, the small commercial specialty lines business of ACE Group, has expanded its specialty commercial products for small businesses, available on a business owners policy (BOP). This new product suite offering, available through ACE Solutions Fast Track, …

Small Businesses Bypassing Minnesota Health Insurance Exchange

Minnesota’s health insurance exchange is having a big problem with attracting small businesses. MNsure was originally expected to cover 155,000 people in small-group plans by next year. Enrollment was only 1,405 earlier this month, the Star Tribune reported. Insurance agents …