Small Business Risks: Potential Exposures That Could Leave Your Business Vulnerable in 2020
- 07/17/20
- Policywire by AmTrust
Whether your business is brand new or a fixture in the community, here are seven potentially damaging risks to keep in mind as we continue through the many challenges of 2020.
Protect Your Organization from Small Business Risks
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The types of business risks will vary per organization. Business owners should make sure they have coverage to protect their companies from a variety of risks this year, such as business interruption, cyberattacks, data privacy legislation and more.
COVID-19 Risks for Small Businesses
Businesses can typically face multiple risks throughout the year, but COVID-19 has accelerated the risks to organizations in 2020. The coronavirus pandemic currently is the number one risk for businesses. About 95% of the country was under some form of lockdown since mid-March, with governors issuing stay at home or shelter in place orders to help prevent the spread of the coronavirus. Federal and state governments have passed economic relief plans, such as the CARES Act, to assist small businesses during uncertain…
