Among business owners, 73% made a claim for $25,000 or more last year. (Credit: Chaay_tee/Adobe Stock)
Business owners are concerned about the effects of tariffs, supply chain disruptions, AI, natural disasters — and whether their insurance will cover any of it, according to a new Gallagher study.
The vast majority of business owners (90%) said they’re worried more than ever about their insurance not covering a specific event or loss. Among respondents, 87% made an insurance claim for their business in 2024, and many of those claims weren’t small: 73% were for $25,000 or more.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
