The Small Business Insurance Guide: Coverage, Costs, and Claims

by Kincaid and Le Companies LLC

Nobody starts a business because they're excited about insurance. But one lawsuit, one property damage incident, one employee injury, or one data breach can destroy everything you've built. The average cost of a small business lawsuit is $54,000. The average cost of a commercial property claim is $35,000. The average cost of a data breach for small businesses is $108,000.