#USA #Chicago #Small Business #Hub International #Private Client

Hub International Launches HUB Private Client Small Business Solutions

In a significant move designed to support affluent entrepreneurs, Hub International Limited (HUB), a prominent global insurance brokerage and financial services firm, has launched its new offering called HUB Private Client Small Business Solutions. This initiative caters specifically to high-net-worth (HNW) individuals who are exploring opportunities to start their own small businesses.

The landscape for new business formations is more vibrant than ever, with the U.S. Small Business Administration reporting an astounding 5.5 million new business applications filed in 2023. As high-net-worth individuals pursue their passions through small business ventures—ranging from artisanal tequila lines to unique jewelry designs—they are met with both exciting opportunities and significant risks. These entrepreneurs require specialized insurance coverage and risk advisory services that not only protect their new ventures but also safeguard their wealth.

Katherine Frattarola, Executive Vice President and Head of HUB Private Client, emphasized the importance of understanding the liabilities involved when affluent individuals start side ventures. "When an affluent family member starts a side venture, they need to understand and account for liabilities while operating a small business," Frattarola stated. With HUB Private Client Small Business Solutions, HUB aims to offer customized guidance and solutions to protect both the operations of new ventures and clients' overall wealth and legacy.

The HUB Private Client Small Business Solutions is powered by Insureon, which serves as HUB's digital marketplace for small business insurance. Clients gain convenient digital access to specialized insurance coverages from over 30 leading insurance carriers, including general liability, commercial auto, property, errors and omissions, business owners’, cyber, and more. Additionally, HUB's Private Client Risk Advisors are dedicated to ensuring that the business coverage aligns seamlessly with the clients’ personal wealth strategies.

Jeff Kroeger, President of Insureon, noted, "The launch of HUB Private Client Small Business Solutions underscores Insureon's ongoing commitment to providing personalized, top-tier coverage for small business owners." He expressed pride in collaborating with HUB Private Client Advisors to deliver solutions that not only protect the businesses of their clients but also fortify their personal wealth.

HUB Private Client has built a reputation for offering personalized risk solutions tailored to the specific needs of high-net-worth individuals and families. The firm adopts a consultative approach, focusing on advocacy and ensuring that affluent lifestyles are protected with the utmost diligence.

For further information regarding HUB Private Client Small Business Solutions, clients and interested parties can click here.

About Hub International

Hub International Limited, headquartered in Chicago, Illinois, is a leading full-service global insurance broker and financial services firm. The firm provides an extensive range of risk management, insurance, employee benefits, retirement, and wealth management products and services. With a robust workforce of over 19,000 employees scattered across North America, Hub boasts a vast network of specialists who deliver tailored solutions and unwavering advocacy to help clients navigate a continuously evolving landscape. To learn more, visit the Hub Media Center.