Here 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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