Small businesses make up 97.7% of all U.S. businesses.
Sole-proprietors account for 21.7 million of those businesses.
Micro- up to 9 employees account for 4.7 million of those businesses.
10-19 employees account for .7 million .
20-99 employees account for .5 million
90% of U.S. businesses are family owned.
Only 25% of small business owners have formal retirement succession plans.
35% of small business owners have formal business continuation plans in the event of their deaths.
On average , small business owners seek advice from 3 differant sources. 63% consult insurance agents in addition to accountants and attorneys.
90% of firms with 25-99 employees offer health insurance coverage.
78% of firms with 10-24 employees offer coverage.
49% of firms with 3 to 9 employees offer coverage.
1 in 3 small businesses offers an employer-provided 401K plan
Only one-fifth of companies with fewer than 50 employees have Key Employee Life Insurance.