Sage tour finds hesitation among small business owners

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Business management and services company Sage recently completed its listening tour, where it spoke to business owners around the country to get a sense for the owners’ outlook concerning the small business field.

According to the company, many of the small business owners they spoke to are optimistic about their companies, but still have concerns about what the future might bring.

“What we found was that many small businesses are grappling with similar concerns, which echo those we identified in our recent accountants survey and the Sage Global Business Index survey,”

The recent Sage Business Index survey showed that 46 percent of small business owners believe the economy is improving, but only 36 percent believe their business will have better prospects for improvement in the near future.

The survey also focused on major concerns that these small business owners have. Some of those mentioned were keeping up with the changes and complexity of tax law and keeping up with regulations on small firms and professional standards. Small businesses who find themselves unable to handle these issues may encounter legal problems as a result.

In an industry with constantly changing regulatory policies, it is important for small business owners to have errors and omissions insurance coverage, to protect them from the financial consequences of errors they could make as a result of being uninformed.

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.

Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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WeInsureXYZ provides Best Business Insurance Quotes in New York for small business, including the self-employed and companies with 10 or fewer employees. The information contained in this website is for illustrative purposes only. Coverage issuance is subject to underwriting and is expressly subject to the conditions, restrictions, limitations, exclusions and terms of the policy documentation issued by the insurer. Availability of this program is subject to each state’s approval and coverage may vary by state. WeInsureXYZ allows businesses to apply for insurance and receive multiple quotes from leading insurance carriers including CNA, Guard, The Hartford, NEXT, Travelers, Hagerty, BHHC, PIE, Atune, Progressive, Chubb and Hiscox. We offer business owners a variety of insurance protection, including: General liability insurance, professional liability, errors & ommissions, excess liability, umbrella insurance, workers compensation, fidelity bonding, and more.