California SB-1159: On 9/17/2020 California enacted SB-1159 which imposes certain reporting requirements on California employers. Effective immediately, California employers are required to report positive COVID-19 tests to their workers compensation claim administrator, whether there is an allegation the COVID-19 exposure is related to work or not. Additional information on California SB-1159 can be found here.

Celebrate Mom and Pop Small Business Owner Day

Topics: Small Business

Small businesses are the lifeblood of the U.S. economy. In 2019, there were 30.7 million small businesses in the U.S., accounting for 99.9 percent of the businesses in the country. Many of these small businesses are family-owned, or “mom and pop” organizations. It’s interesting to note that some of today’s Fortune 500 companies, such as Nike, Patagonia, Whole Foods and Ben & Jerry’s started off as these types of mom and pop businesses.

Celebrate Your Local Mom and Pop Business

March 29 is designated as Mom and Pop Business Owners Day, a day to appreciate the hard work and dedication that it takes to run a small business. The day was established by Rick and Margie Segel in honor of their parents and the small hat shop that they opened in 1939, which ultimately turned into a large, successful clothing shop.

A mom and pop business is a small, family-owned or independent business. Originally the term was used to describe a family-owned and operated general store or drugstore. Today, these establishments can be any type of business from restaurants and auto repair shops to insurance agencies. They have a vested interest in their local community, people and economy. The owners and staff of mom and pop businesses provide personal customer service experiences on a level that larger retail stores cannot do.

Mom and pop businesses benefit from boosts like “Small Business Saturday,” held on the Saturday after Thanksgiving, and other designated “Shop Small” types of days. Supporting these businesses throughout the year by sharing your experience on social media and promoting them to friends and family go a long way to help make mom and pop establishments successful.

AmTrust is Inspired by Our Mom and Pop Small Business Insured

Our AmTrust Inspired series celebrates the commitment between our agents, insured and our company. As we celebrate Mom and Pop Business Day, AmTrust continues to help protect the dreams small businesses have, allowing the owners the time to focus on doing what they love. We understand and support small and mid-sized businesses across the country. For more information about our small business insurance solutions, please contact us today.

This material is for informational purposes only and is not legal or business advice. Neither AmTrust Financial Services, Inc. nor any of its subsidiaries or affiliates represents or warrants that the information contained herein is appropriate or suitable for any specific business or legal purpose. Readers seeking resolution of specific questions should consult their business and/or legal advisors. Coverages may vary by location. Contact your local RSM for more information.

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