Every Business Has a Story: Astoria, NY

Topics: Small Business

Earlier this year, we introduced AmTrust Inspired to highlight the inspiring relationships and stories between the agent, insured and AmTrust. We met three family-owned small businesses at the legendary Farmers Market in Los Angeles whose owners shared what it meant to be #AmTrustInsured.

Inspired by Our Small Business Insureds in New York

Today, we are spotlighting the small businesses in the tightknit neighborhood of Astoria, New York where agent Stavros Vouyiouklakis and his clients, Adrian Skenderi and Petros Gerakis of Taverna Kyclades and Dr. Nicholas Nissirios M.D., Creator of Metro Eye MD, are fixtures of the community.

“We ultimately want to fill bellies!” See how two local businesses in Astoria, NY are succeeding in this diverse and unique neighborhood.

Small Businesses Continue to Thrive

A report from The U.S. Small Business Administration (SBA) showed that in 2018, small businesses made up 99.9 percent of all in the businesses in the country. A 2018 Guidant Financial survey of small business owners shared the top five small business industries:
  • Business Services – 11%
  • Food/Restaurant – 11%
  • Health/Beauty/Fitness – 10%
  • General Retail – 7%
  • Home Services – 6%

The survey also found that found that the majority (57 percent) of small businesses are still owned by people over 50 years of age, while 25 percent of small businesses are owned by 40-49 year olds. Millennials are growing in ownership, coming in at 14 percent. Also, 41 percent of owners surveyed stated that they employ between two to five employees, therefore recruiting and retaining employees in this tight job market is a major concern as it impacts their profitability.

We Are #AmTrustInsured

Successful small business owners understand the importance of customer service and building relationships within their community. Stories are shared and bonds are built creating long-lasting partnerships and stronger neighborhoods.

The relationship between AmTrust, our appointed agents and our insureds is built on inspiration. Our insureds inspire us by the hard work they put into their small businesses and living their dreams every day. Our agents inspire us by their dedication to protecting those businesses with the best coverage and loss control resources. We hope to help inspire both our insureds and our agents to keep focusing on their dreams, giving them the peace of mind knowing their small business is covered.

AmTrust Supports the Dreams of Small Businesses

AmTrust Financial supports small and mid-sized businesses with all of their risk management needs, starting with workers’ compensation coverage and loss control services and continuing with proactive claims management and additional protections for their operations. Our agents are dedicated to helping our small business insureds achieve their goals and succeed on every level, becoming their go-to source for information, advice and peace of mind – all the solutions a small business needs to thrive.

Also, the support goes beyond the relationships between agent and insured directly to the internal teams at AmTrust. Our team takes pride in handling claims expertly and expeditiously. The experienced claims staff understands that a timely conclusion of a reported claim is important.

AmTrust helps protect the dreams all small businesses have, allowing business owners to continue focusing on what they love. We work with thousands of mid-to-small businesses across the U.S. to assist them in keeping their employees safe.

For more information about our small business insurance solutions or becoming an appointed agent, 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.

Time Zones