Small businesses News

Most U.S. Small Businesses Worry Recession is Coming

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed …

Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard

Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber Claims Report, Coalition concluded that from 2020 …

Smaller Delaware Businesses Find Ways to Survive Pandemic

Small businesses have faced big-time problems throughout the COVID-19 pandemic. And for many, it was no longer just about trying to get by. It was a matter of survival. Local small-business owners Rous and Angie Robles of My Sister’s Fault …

Small Businesses, Lacking Legal Immunity, Fear COVID-19 Liability Lawsuits

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 Republicans in Congress to give such outfits legal …

Bill to Pool Small Businesses for Insurance Gets Final Approval in North Carolina

A way for North Carolina small businesses and sole proprietorships to join together and obtain more affordable individual health insurance is heading to Governor Roy Cooper’s desk after the measure received final legislative approval. The Senate voted 32-9 on Tuesday …

InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day

Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics and data. The effort includes using digital capabilities to …

Travelers to Offer Small Business Insurance in UK via Online Platform

The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available for office businesses, such as …

Disaster Loans Made Available for New Mexico Small Businesses

Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement Friday, saying the loans can help offset economic losses from reduced revenues caused by the …