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.
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