X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Includes copyrighted material of Insurance Services Office, Inc., with its permission.

ISO has projected there are an estimated thirty million businesses they categorize as micro, meaning zero to four employees. The Small Business Administration estimates that about 80 percent of these businesses have no employees at all and 60 percent are home based. While many of these home-based businesses are primarily operated out of the home, business activities might take place at other locations as well (e.g., shared spaces, temporary commercial locations or mobile spaces such as kiosks or food carts). For these types of businesses, physical damage coverage for building and structures is often not needed.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Request a Free Trial today to enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Trusted, quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: When Your License Expired so they Took your Hemp ›

Certain legal products require the grower/seller to have a license in order to grow, store and sell the product. Once an individual's license expires, that individual may find themselves in violation of state laws, and may experience serious consequences.

Question of the Week Archive ›

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.