The Worst Kind of Claims for Business

claim1Here are the results of a Hartford Insurance ranking of the most costly claims for small business, in terms of the percentage of businesses affected and the average cost of the claim.

  • Burglary and Theft: 20% / $8,000
  • Water and Freezing Damage: 15% / $17,000
  • Wind and Hail Damage: 15% / $26,000
  • Fire: 10% / $35,000
  • Customer Slip and Fall: 10% / $20,000
  • Customer Injury and Damage: >5% / $30,000
  • Product Liability: >5% / $35,000
  • Struck by Object: >5% / 10,000
  • Reputational Harm: >5% / $50,000
  • Vehicle Accident >5% / $45,000

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