Starting a business can be challenging but maintaining it can be even harder. As your business grows, so do the risks it could face. Without protection, you could be one mishap away from a financial disaster.
An insurance plan like a Business Owners Policy might be what you are looking for to help protect your business. Our insurance experts can help you find suitable insurance protection for your Michigan business.
Talk to us now and establish financial safeguards for your business.
How Does a Business Owners Policy Work?
A Business Owners Policy (BOP) is an insurance package often offered to small to midsize business owners. This insurance package can protect business owners against some of the most common risks they could face, such as third-party liability, cybersecurity threats, or business property damage.
Instead of purchasing these types of coverage individually, business owners could save time by buying a comprehensive BOP. At PolicySweet®, we offer multiple coverages in a single policy!
What Does Our Michigan BOP Cover?
Get comprehensive coverage against common risks small and medium-sized businesses may face with our Business Owners Policy. See how our Michigan BOP can protect you and your business:
General Liability
Our general or business liability coverage can protect your business from a broad scope of potential issues arising during regular business operations. From third-party bodily injuries and third-party property damage to advertising injuries and reputational harm, you can protect your business from potential lawsuits.
Business Property
Business property insurance is another important type of coverage included in our BOP. Our business property insurance can help protect your physical properties from covered losses such as theft. Property insurance can cover equipment, raw materials, and other essential physical supplies needed to run your business.
With our business property coverage, you can rest easy knowing your business can continue to operate despite dealing with a potential business loss.
Cyber Risk
Digital utilization is vital for most businesses today. With data as the backbone of modern business, we suggest that you look into ways to reinforce your security against cyber-attacks. Moreover, helping to ensure a financial safeguard when a cyber-attack transpires can be crucial.
Cyber-risk coverage can provide financial assistance for data investigation and customer notification when your business experiences data loss from a cyber-attack.
Do You Need a BOP?
If you own a business and have assets to protect, having BOP insurance can be essential. One thing you should consider before purchasing a BOP is its scope and limitations.
Although a BOP is comprehensive, it still has its limitations and exclusions. For one, a BOP can’t cover workplace accidents or employee sickness. If you want to have this type of coverage, you may need a supplemental plan like Workers’ Compensation.
At PolicySweet, we want to make sure that you have adequate coverage for your budget. Talk to our experts if you need additional or specialized coverage for your business, and we’ll work with you to help meet your insurance needs.
What Can a BOP Offer?
Obtaining comprehensive BOP insurance offers several features — not just for business owners but also for their clients. If you’re still on the fence about obtaining a BOP, here are some considerations:
Save Time Shopping:
Rather than purchasing various insurance plans independently, you can save time during the purchasing process by obtaining several types of coverage in a single BOP plan.
Covers Several Bases:
In most cases, a BOP can help cover several essential risks for small business owners. Pairing your BOP with a Workers’ Compensation plan can add a layer of protection for your employees if you have any.
Business Continuity:
With a BOP, you can continue your business operations despite an unexpected event, such as a fire, cyber-attack, or theft.
Help Keep Your Clients Safe:
If a third-party accident occurs on your business property and injures someone, your BOP could help cover their medical treatment.
How Much Coverage Do You Need?
A business owner’s insurance needs are like fingerprints — they are unique to everyone. A thorough review of an owner’s needs and goals are essential.
Our insurance professionals will consider your industry’s unique threats and risks. Some specialized industries often require additional protection to help ensure workforce security.
Speaking with our experienced insurance experts can help you get adequate coverage for your business. Start your process with us today.
Get Your BOP With Our Swift and Sweet Process
Securing a BOP can be straightforward. With PolicySweet, it’s as easy as 1-2-3. Here are some of the steps to follow to get comprehensive insurance protection for your business:
1. Talk to Our Team:
Your first step is to contact our insurance experts. Call our phone number or head to our “Get a Quote” page to start the process.
2. Get Your Quote:
Complete our quote form or work with a representative and tell us more about your business and industry. Get your free and no-obligation BOP insurance quote.
3. Help Protect Your Business:
If you like what you see, you can get coverage for your business. If you need additional coverage, our insurance experts can work with you.
Help Protect Your Business Today
Give your business protection with our BOP insurance package. Our swift process can allow you to get your business insured quickly, helping you rest easy.
Help reduce the financial impact your business could face. Contact our team today and start customizing your BOP coverage.