Insurance for Small Businesses: Exploring the Benefits of Insure U
Running a small business is a high-risk venture. Yet, many small business owners neglect to insure their investment. A new comprehensive resource will help small business owners and managers make sound insurance decisions. The DC Department of Insurance, Securities and Banking (DISB) and the Washington, DC Economic Partnership’s BusinessPremier Initiative invite members of the business community to learn about Insure U for Small Business. This breakfast seminar will introduce vital information to small businesses regarding workers’ compensation, group health, business property and liability, commercial auto, group life, home-based business insurance and more. Guest speakers will be Thomas E. Hampton, DISB Commissioner, and Erik Moses, Director, Department of Small and Local Business Development.
According to DISB, a national study shows that only 35 percent of small business owners have business interruption insurance, and while 71 percent say they are very dependent on one or two key people for their success and viability, only 22 percent have key person life insurance. “Small business owners need to understand the array of business risks they face, as well as how to protect themselves with the right insurance coverage,” says DISB Commissioner Hampton.
The program will take place on Wednesday, July 18, 8:30am–11:00am, at the Washington, DC Economic Partnership, 1495 F Street, NW. To RSVP for Insurance for Small Businesses: Exploring the Benefits of Insure U, please Register Here or call 202-661-8670. More information about DISB’s Insure U for Small Business program is available on their web site, disb.dc.gov.
BusinessPremier is a collaborative effort of the Government of the District of Columbia, the Washington, DC Economic Partnership, and economic development, community development and workforce development organizations. It has been designed to help businesses grow and thrive in the District of Columbia by providing no-fee access to business resources and services, including economic incentives and programs; lease and site location assistance; workforce development assistance business development resources; statistics and demographic information; and a network of partner organizations. To learn more or schedule a consultation, visit the Economic Partnership’s web site, www.wdcep.com. Questions may be directed to Natalie Cofield, Manager of Business Development, at 202.661.8679 or by email at ncofield@wdcep.com.