Why not get a consolidated insurance package that can help cover various areas with only a single payment?
PolicySweet’s Business Owners Policy (BOP) may just be what you need. It’s a comprehensive plan that can cover general liability, business property, and cyber risk for businesses in North Carolina.
Understanding PolicySweet’s Business Owners Policy
Most small business owners and self-employed professionals have unique needs. If you belong to this demographic, you know that finding all the types of insurance plans you need can be time consuming. PolicySweet® understands your need for a comprehensive policy. This plan includes three areas most North Carolina businesses might want covered. You can have protection for general liability, cyber risk, and business property damage or loss.
With a BOP, you can have a consolidated plan. You don’t need to pay three separate policies, which may only lead to more time away from your business. Enjoy a single policy that includes three types of coverage!
What’s Covered by the BOP?
A BOP can cover three areas to help ensure protection from financial loss.
General Liability
When someone other than an employee gets injured on your premises or suffers property damage during business operations, they can file a claim. General liability insurance — also known as business liability insurance or commercial general liability insurance — can serve as your protection against such claims. This policy may provide funding if you are proven at fault by a third party. This insurance can also cover legal fees and settlement amounts. That way, you and your business can reduce the risk of experiencing financial setbacks.
General liability won’t cover claims against your employees, so take note of this. You may need to get Workers’ Compensation insurance to help cover your workers, if there are any. Workers’ Compensation coverage is typically legally required in North Carolina and most other states.
Business Property
Fires and other natural disasters can lead to the loss of business equipment, assets, and other tools necessary for your operations. Theft and robbery could also impact your business and lead to financial loss. With a BOP, you can rest easy knowing that you could be protected from such scenarios.
The policy includes coverage for business property — both items you own and items you rent. If your equipment is lost or damaged, you can get assistance to repair or replace the items, if covered by your policy. That way, you can recover quickly and resume operations.
Cyber Risk
The use of the digital space can open you to additional risks, such as cyberattacks and data theft. Cyber incidents have made it riskier for small businesses to use online platforms. Still, creating an online presence may be unavoidable if you want to stay on top of your niche. You can rest easy with PolicySweet’s BOP, which can cover cyber risks.
With our insurance plan, matters like incident investigation and customer notifications can be covered. You also may not have to worry as much about covering out-of-pocket expenses as this policy can help cover claims related to cyber incidents.
BOP Coverage: Is It Needed?
One of the reasons for getting insurance is financial protection. The risks we mentioned above — such as liability claims and cyber-attacks — can lead to financial loss. Policies like a BOP can serve as a safety net that helps to protect your financial well-being. More than protection, a BOP can help provide the following.
- Operational Continuity: After losing business assets, you might be scrambling for resources to resume operations. A comprehensive policy like a BOP can ensure that you have financial support for these situations. That way, you can easily resume operations and help keep your customers satisfied.
- Help Improve Your Business Reputation: Having insurance in place can give your business a more professional appearance. Customers might see that you’re taking your company seriously as you plan for the future. If something does happen, you can have a plan to take care of claims. This feature can help you maintain a solid reputation and help avoid alienating clients.
- Help You Rest Easy: Knowing that you have a financial safety net can help you rest easy. Natural disasters, an accident, or a cyberattack — you know that you may have protection. You might not have to worry as much about where to find financial support, allowing you to continue focusing on your business.
Why Choose PolicySweet for Your North Carolina Business Insurance
Selecting a business insurance provider can be hard given how many there are in North Carolina. To help make things easier for you, we’ve narrowed down a few compelling reasons why you may want to choose PolicySweet.
Quick and Easy Process
Getting insurance shouldn’t be hard. We’ve created a simple process to help make things as stress-free as possible. Simply request a free quote and answer our questions about your business, and you could get covered the very next day!
Coverage You Can Customize
A BOP is not the only package we offer; we also have other policies. You can personalize your coverage depending on your needs and goals. Just talk to our dedicated representatives and let them know what you are looking for.
Representatives and Exceptional Customer Support
If you have any concerns or questions about your BOP or other insurance policies, our representatives are ready to help. They can provide the support you need and help you make informed decisions before committing to a plan.
Insurance for Various Types of Businesses
PolicySweet focuses on self-employed professionals and small businesses in North Carolina. If you belong to the following industries or more, our BOP plan can be an ideal policy for you.
Help Protect Your Financial Well-being Now
Set up protection for your company for risks like liability claims, cyberattacks, and business property loss. Take advantage of PolicySweet’s BOP, a comprehensive plan for North Carolina businesses.