Top Reasons for Small Business Insurance Claims

The Hartford analyzed more than a million small business property and liability policy claims and found the most common claims were for water and freezing damage; claims for burglary and theft were next. Other common claims included slip, fall and customer injury; wind and hail; and fire. But the costliest claims are the result of fire. Ten years ago, the most common claims were burglary and theft, and the costliest claims were reputational harm. #IdeaoftheDay