FARMINGTON, Conn., Jan. 12, 2012 (GLOBE NEWSWIRE) -- Business Owners Liability Team (BOLT Insurance Agency) released today its latest infographic detailing the incredible growth rate of women-owned businesses in the U.S. According to the U.S. Census Bureau, between 2002 and 2007, female small business ownership increased 20.1%, while male-owned businesses grew 5.4% during the same time period. In fact, in 2007, 7.8 million businesses in the U.S. were majority-owned by women, representing almost 30% of non-farm businesses.
The infographic also illustrates the importance and influence of women-owned small businesses in the U.S., which now account for nearly $3 trillion in economic impact and produce or maintain 23 million jobs. The projection is even more striking, predicting that female-owned small businesses will create about one-third of the 15.3 million new jobs produced by 2018.
"There's been impressive growth in the number of small businesses owned by women over the past several years, as women are becoming America's new job creators, " Tom Hammond, executive vice president of operations at BOLT. "At BOLT we have noticed an increase in female small business owners contacting us to protect themselves, but the truth is, regardless of their gender, the size of their business, or the industry in which they play, our exclusive focus on small business owners has taught us that small business owners overall are not adequately protecting themselves from the risks associated with doing business."
Hammond added, "Unfortunately, it seems that many small business owners don't understand that truly one event – whether it be a customer suit, natural disaster, security breach, sexual harassment action or a host of other unexpected incidents – can destroy a small business and wipe out its owner's personal assets."
BOLT exclusively focuses on protecting the small business owner by providing access to top markets and carriers online, with immediate quotes and expert guidance. Using its proven Web-based technology, BOLT collects all underwriting information required by top-line carriers, and allows business owners to view proposals online within minutes. Through the strength of its technology platform, processes and team of experts, BOLT delivers a unique "high tech/high touch" approach to serving the very specific needs of small business owners.
Please visit http://info.boltinsurance.com/women-small-business-owners/ to view BOLT's infographic.
About BOLT
BOLT, the Business Owners Liability Team, is a national insurance agency that exclusively protects the owners of small businesses. BOLT agents help business owners choose the right insurance products to fully protect both their businesses and themselves personally. BOLT offers an on-line and interactive experience with leading carriers. As such, business owners can thoroughly compare coverage and pricing, and ultimately purchase cost-effective insurance for their businesses within minutes. Business insurance policies offered by BOLT include, but are not limited to, General Liability, Business Property Insurance, Workers' Compensation, Commercial Auto, Umbrella Insurance, Errors and Omissions, Directors and Officers, Business Interruption, Employment Liability, Sexual Harassment and Flood. These policies are provided by top-rated insurance carriers such as The Hartford, CNA, Liberty Mutual, Ace and Chubb. BOLT Insurance Agency is headquartered in Farmington, CT, and is licensed to do business in all fifty states. Come visit us at: www.boltinsurance.com
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