As a business owner, you might want to minimize expenses as much as possible. Insurance is one area that can take up a lot of resources. Thankfully, PolicySweet® has consolidated several types of insurance coverages into one comprehensive package: our Business Owners Policy (BOP).
Companies in Pennsylvania can enjoy coverage for general liability, business property, and cyber risk, helping to ensure that their business can be protected from financial loss.
About PolicySweet’s Business Owners Policy
A BOP is a one-stop option for business owners. The plan covers three key areas to help you gain protection against liability or loss and helps to ensure business continuity. You may otherwise have to look at getting separate policies for cyber risk, business property, and general liability. This option might lead to additional time spent researching and finding coverages. With the BOP, you pay for a single plan while enjoying three types of coverage — it can be convenient and can save you time!
BOP Coverage
A BOP covers three distinct areas for Pennsylvania businesses.
General Liability
General liability insurance — also called business liability insurance or commercial general liability insurance — is one of the most common types of insurance for businesses. Small businesses and self-employed workers might need this type of coverage to get protection from liability claims. These include third-party bodily injuries and property damage that happened within your premises or while conducting business operations.
If you’re proven to be at fault by the claim, the insurance can cover the damages you’d be required to pay. General liability coverage can also take care of legal fees.
Take note that general liability only protects you and your business. For your employees, you may want to obtain Workers’ Compensation insurance, which is typically a legal requirement for most businesses in Pennsylvania.
Business Property
Loss of equipment, company items, and electronics can disrupt your business. Your operations can slow down and result in huge losses. Thankfully, you can get protection for your assets with business property insurance. This type of coverage helps to cover physical assets that were damaged, stolen, or lost. Whether the reason is fire, robbery, or an accident, you can get the funding you may need to restore the lost items. This coverage can also help cover repairs and replacements, even for rented equipment.
Cyber Risk
Now that most businesses have a digital presence, it can be essential to have protection for cyber incidents. In fact, a data breach could impact your business financially, so it can be critical to have some kind of cyber protection.
Our BOP includes cyber risk insurance. It can cover the expenses for matters like customer notifications and incident investigations. Having this coverage can give you confidence that your business could be protected in the event of a technology-related risk.
Why Might You Need BOP Coverage?
Getting insured is one way to help protect you and your business from huge losses. Getting sued for injuries and property damage or becoming a victim of a cyber-attack can pose a threat of financial loss. With a comprehensive protection plan like a BOP, you can help protect your financial well-being and stay ready for whatever may come.
Having insurance coverage — aside from what’s required by law — can give you a professional image, which may indicate to your clients that you take your business seriously. It can provide assurance that you may be ready to face risks and are looking out for their interests.
Having an insurance plan like a BOP can also help you rest easy. Even when unexpected events like theft, natural disasters, and accidents come along, you can remain focused on rebuilding and may be able to worry less about the financial impacts on your business.
Choose PolicySweet for Your Pennsylvania Business Insurance
It can be intimidating to choose from the many insurance plan providers in Pennsylvania. Thankfully, we’ve narrowed down a few reasons why you might want to choose PolicySweet.
Simple Process
We’ve designed a simple three-step process to help you get coverage. With our efficient process, you can request a free quote today and get insured the next business day!
Customizable Coverage
Our offerings are not limited to just BOP. We provide other types of insurance plans, depending on your needs. If you need a special type of coverage, talk to us, and we’ll see how we can help.
Top-Notch Customer Service
PolicySweet has a dedicated team ready to help you. Our representatives can help address your concerns about BOP thoroughly, helping you make more informed decisions for your business.
Businesses and Industries We Work With
A BOP can be applicable to businesses and companies in an array of industries. Some of the verticals we’ve worked with are:
- Contractors, including carpenters, HVAC, and plumbing
- Food services, including restaurants, coffee shops, and fast-food establishments
- Offices, including accoutning firms, mortgage brokers, and real estate firms
- Personal care services, including salons and tailors
Check out the full list of businesses we cover. If your industry or business type is not included in our list, contact one of our representatives today. We may still be able to help protect your business.
Get Protection as a Business Owner Today!
Financial loss from risks like cyber-attacks, liability claims, and property damage can be reduced. We offer a BOP, a comprehensive Pennsylvania business insurance plan that covers three key aspects: general liability, business property, and cyber risk. You can get protection for these three areas while only paying for one policy. Contact us now to get a quote!