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04 Mar Start-Up Business? No History, No Insurance — Until XINSURANCE
Insurance for Start-Up Companies
Here’s some encouraging news for the American dream. The number of startup firms — firms that are one year old or newer — numbered 415,226 in the year ended March 2017.** And currently, there are 29.6 million small businesses in the U.S., accounting for 99.9 percent of all U.S. businesses.*
As “new kids on the block,” start-ups bring fresh ideas to the marketplace and a renewed passion to the business arena. They’re also met with significant challenges. In addition to capital and cash flow difficulties, they’re charged with differentiating themselves from the competition and developing their brand — quickly. As they have no history as a company, they can also find themselves vulnerable, without any insurance. Fact is, traditional carriers shy away from businesses without history — or a checkered past. Fortunately, XINSURANCE has your back.
XINSURANCE, offered by Evolution Insurance Brokers, has decades of experience writing insurance for start-up companies and small businesses. We offer a new approach to insurance, with direct access to underwriting expertise, risk management assessments, advice and customer service. Our underwriting team brings you over 30 years of experience, along with the ability to offer customized limits, coverage, deductibles, and premiums to create the perfect plan for your business protection.
Even you’ve been denied coverage, or you’ve filed bankruptcy or perhaps you’re growing too fast, XINSURANCE can help. For more information about XINSURANCE or insurance for start-up companies, contact us at
*2017, U.S. Small Business Profile, https://www.sba.gov/sites/default/files/advocacy/All_States_0.pdf
**Bureau of Labor Statistics, https://www.bls.gov/opub/ted/2017/job-gains-among-startup-firms-in-2017.htm