In addition to economic challenges and the lingering impacts of the pandemic, small businesses are grappling with shifting consumer expectations, labor shortages, supply chain disruptions and increased catastrophe activity. (Downtown Provo, Utah/Sean Pavone 2020/Adobe Stock) In addition to economic challenges and the lingering impacts of the pandemic, small businesses are grappling with shifting consumer expectations, labor shortages, supply chain disruptions and increased catastrophe activity. (Downtown Provo, Utah/Sean Pavone 2020/Adobe Stock)

Economic uncertainty is top of mind for all businesses but especially for small business owners, many of whom are taking a close look at all of their expenses, including insurance. Emerging from the pandemic, the economic climate remains volatile, with near double-digit inflation and rising interest rates hitting small businesses particularly hard.

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