Report: 82% of new small businesses have insurance, but many SMBs remain at risk
ERGO NEXT said 64% of insured small businesses lack full protection, as owners cite cost, confusion and time as barriers.
- A 2026 ERGO NEXT survey found that 73% of U.S. small businesses are underinsured, with 64% of insured companies lacking coverage for all major risks they face.
- Data shows entrepreneurs prioritize protection early; 82% of businesses in their first year have insurance, versus 67% of companies operating for one to five years.
- Primary factors driving underinsurance include cost and compliance, with 54% of uninsured owners citing a lack of legal requirements and 50% noting high costs as barriers.
- Phil Natoli, vice president and chief actuary at ERGO NEXT, warned that businesses evolve constantly, noting that insurance coverage often fails to keep pace with new risks.
- Many owners prioritize immediate growth, with 84% shifting funds toward inventory, equipment, and marketing over insurance in the past six months to maintain steady cash flow.
15 Articles
15 Articles
Report: 82% of new small businesses have insurance, but many SMBs remain at risk - The Mexico Ledger
Report: 82% of new small businesses have insurance, but many SMBs remain at riskSmall businesses founded in the past year are more likely to have insurance than those that have been operating longer, according to a new survey of small business owners by ERGO NEXT.Today’s entrepreneurs are thinking about protection earlier, but buying insurance and being adequately protected aren’t always the same thing.The survey also found that many entrepreneu…
Report: 82% of new small businesses have insurance, but many SMBs remain at risk - Seward Independent
Report: 82% of new small businesses have insurance, but many SMBs remain at riskSmall businesses founded in the past year are more likely to have insurance than those that have been operating longer, according to a new survey of small business owners by ERGO NEXT.Today’s entrepreneurs are thinking about protection earlier, but buying insurance and being adequately protected aren’t always the same thing.The survey also found that many entrepreneu…
thepampanews.com
Report: 82% of new small businesses have insurance, but many SMBs remain at risk
Report: 82% of new small businesses have insurance, but many SMBs remain at riskSmall businesses founded in the past year are more likely to have insurance than those that have been operating longer, according to a new survey of small business owners by ERGO NEXT.Today’s entrepreneurs are thinking about protection earlier, but buying insurance and being adequately protected aren’t always the same thing.The survey also found that many entrepreneu…
Report: 82% of new small businesses have insurance, but many SMBs remain at risk - Stateline Publications
Report: 82% of new small businesses have insurance, but many SMBs remain at riskSmall businesses founded in the past year are more likely to have insurance than those that have been operating longer, according to a new survey of small business owners by ERGO NEXT.Today’s entrepreneurs are thinking about protection earlier, but buying insurance and being adequately protected aren’t always the same thing.The survey also found that many entrepreneu…
Report: 82% of new small businesses have insurance, but many SMBs remain at risk - Hillsboro Sentry Enterprise
Report: 82% of new small businesses have insurance, but many SMBs remain at riskSmall businesses founded in the past year are more likely to have insurance than those that have been operating longer, according to a new survey of small business owners by ERGO NEXT.Today’s entrepreneurs are thinking about protection earlier, but buying insurance and being adequately protected aren’t always the same thing.The survey also found that many entrepreneu…
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