Almost 70% of small business owners have faced a workers' compensation insurance claim in the past five years, according to The Hanover's 2024 Small Business Risk Report: A Focus on Workers' Compensation.

While many small business owners faced workers' comp claims, only half felt very confident they had adequate coverage, according to The Hanover, which surveyed 300 small business owners for the report.

The survey also found that 95% of these businesses offer safety training, which was the most commonly used service offered through a business insurance program.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of He can be reached at [email protected]