Supporting Small Businesses, the Backbone of Our Local Communities
As part of its commitment to small business advocacy, Travelers developed the Small Business Risk Education (SBRE) program to help women and minority small business owners learn about risk management, develop safety risk management plans, and qualify for microloans.
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In 2012, Travelers piloted the SBRE program in Los Angeles in partnership with the Valley Economic Development Center, California's largest microfinancing organization. SBRE leverages the unique expertise of both organizations and provides insurance literacy and risk management training to women and minority entrepreneurs.
"SBRE taught me about risks I had never even considered," said Jacqueline Sharp, an ambitious entrepreneur who launched her furniture business in 2011. "Through training with a Travelers safety professional, I developed a clear sense of potential issues that could impact my ability to staff, grow and manage my company. I now have a risk management plan to prepare for unexpected interruptions and can focus my time on building my business."
The Travelers Institute has launched a small business advocacy project designed to raise awareness of the importance of small business to the U.S. economy and to promote an environment that facilitates small business success. As one of the largest property casualty insurers of small businesses in the United States, Travelers' policies are distributed primarily through independent agencies, which are also generally small businesses.
Through this small business advocacy project, the company works closely with its small business customers and agents to better understand and support their needs while promoting their prosperity. By sponsoring regional symposia, authoring white papers and encouraging public discussion, the Travelers Institute is advocating for policies that fuel job creation and economic growth for this critical economic sector.
It may take years for a company to build a strong reputation, but without proper planning, one incident could impact the future of that business. To help businesses safeguard company products and stakeholders, Travelers offers tips for creating business continuity plans, managing a supply chain and training employees in the event of a possible cyber breach.