Survey: 7 in 10 Small Businesses Uninsured From Disasters

April 4, 2016

In a recent Nationwide survey, 66 percent of small business owners said they still lack business interruption insurance, and 75 percent said they do not have a disaster plan in place. About 51 percent of owners said they are taking steps to prepare for the impact of climate change and El Niño on their companies, though many are divided on the impact of climate change and El Niño. Nationwide President and COO Mark Berven said small business clients should be reminded about the benefits of business interruption insurance. “Some of America's small business owners may be feeling overconfident, even as we head into the spring storm season. There hasn't been a major U.S. disaster in years, so there may be a sense of complacency,” he said.