Starting a small business can be an exciting yet challenging feat. The growth might be slow in the beginning, but seeing your dreams take off can be rewarding. While building and growing your small business can take years, it only takes one disaster to impact your finances.
Without an adequate financial defense, an unfortunate event could have unforeseen consequences. At PolicySweet®, we strive to make it easy for Indiana small businesses to acquire the business insurance they might need.
Talk to us now to learn more about our Indiana BOP insurance.
What Is a Business Owners Policy?
A Business Owners Policy is an insurance package often intended for small to medium-sized business owners. This insurance package can cover most of the essential coverages and help reduce the impact of common risks a business owner can face.
This package might differ from one provider to another, but most, if not all, provide general or business liability coverage. Some providers also commonly include business property coverage. In addition to general liability and business property coverage — we also include cyber-risk coverage to help protect you in the event of modern digital threats.
Does Your Business Need a BOP?
Regardless of size and industry, most businesses need comprehensive business insurance protection to help prevent hefty financial problems. A BOP can provide a financial safeguard for your business.
If your business utilizes physical products (i.e., physical sales or raw materials), a BOP could cover your products and materials during a covered event.
With many businesses today moving on online, cyber-risk coverage can be a vital addition to your insurance defenses. This coverage can protect your business financially if your data is breached.
What Is Included in Our BOP Insurance?
At PolicySweet, here’s what our BOP insurance can cover.
General Liability
There are some instances in which business owners may be required to purchase general liability coverage for their businesses. This liability coverage is also called business liability and can protect business owners from potential legal claims related to third parties.
The general or business liability aspect of our BOP typically provides financial coverage for third-party bodily injuries and third-party property damage that can occur on your business premises. Our general liability can also cover damages resulting from advertising injuries, reputational harm, and libel or slander.
Business Property
Securing comprehensive business property coverage can be critical if you have an office or a storage room filled with raw materials or finished products. This portion of our BOP can help with business continuity despite suffering damages from a covered event like a fire or theft.
Our business property coverage isn’t limited to your raw materials or salable products. We can also compensate you for the equipment, tools, and machinery you might need to manufacture your products, if they become damaged due to a covered loss.
Cyber Risk
If you handle sensitive client information or rely heavily on your computer to run your business, we highly recommend cyber-risk insurance coverage.
As part of our comprehensive BOP, our cyber-risk coverage could help you recuperate financial losses following a cyber-attack. We could also assist you with customer notification costs, if your business has been hacked.
Why Might You Want a BOP?
Securing a BOP for your business provides a range of features. Here are some practical reasons related to purchasing a BOP:
A Practical Option:
Rather than buying each coverage policy individually, a BOP consolidates several essential insurance coverages into one policy.
Financial Safeguard:
Financial security is the most evident advantage you could gain from a BOP. With a comprehensive policy, you could minimize the financial impacts of expected and unexpected incidents.
Help Protect Your Clients:
A BOP isn’t only designed to help protect business owners and their businesses, but it can also protect their clients. If a client is hurt on your property during business hours, your BOP could shoulder their medical needs.
Protecting Small Businesses Is Our Mission
At PolicySweet, it’s our mission to serve small business owners and help them establish financial protection from the risks they could face. With our solution-focused approach and range of coverages, we can provide an insurance package for your unique business needs.
If you’re a small business owner in Indiana looking to secure insurance, call us today. Our team of experts are more than happy to walk you through our BOP coverage to help you make an informed decision for your business.
Insure Your Business in 3 Easy Steps
Purchasing insurance from PolicySweet is easy. Our straightforward process makes securing a robust insurance package swift and sweet. Here’s how quickly you can get insured with us:
1. Contact Us:
Whether you need a live agent to help you with the process or are comfortable on your own, you can easily find the coverage you might be looking for. Just complete our online form or call us for assistance.
2. Get Your Quote:
Once you’ve completed the initial process, our insurance experts will estimate how much protection you might need for your business.
3. Insure Your Business:
If you like our quote, you can proceed with your chosen plan and insure your business.
Get an Affordable and Comprehensive Indiana BOP Now
Help protect your business with comprehensive coverage. PolicySweet offers Indiana small business owners the BOP, a three-in-one insurance plan, combining general liability, business property, and cyber-risk coverage. Get your free no-obligation quote now.