Research shows that smaller retailers are often targets of insurance slip-and-fall scams. Slip-and-fall claims, that is, the form of insurance fraud where individuals create their own staged dangerous situation so that they can fake falling down and hurting themselves in order to receive monetary compensation, are on the rise, and small businesses seem to be a main target. Though this form of accident can legitimately occur, scams are increasingly making insurance news. Businesses do need the coverage in order to protect themselves financially, as an innocent individual could slip and…
Read MoreInsurance fraud against commercial policyholders jumps by 12 percent
