Many business owners obtain an insurance policy for protection. A Business Owners Policy (BOP) is a type of business insurance that can provide comprehensive coverage. It combines common coverages into one easy to manage plan.
Obtaining a quote for business insurance can be straightforward. Use our online form to initiate the process today.
Learn More About BOP Coverage
Our Business Owners Policy (BOP) encompasses three distinct types of insurance coverage: general liability, business property, and cyber-risk insurance.
General Liability
General liability insurance, also known as commercial or business liability insurance, is commonly purchased by self-employed individuals and business owners. It can help protect against third-party claims such as bodily injuries, property damage, reputational harm, advertising injuries, and slander. Without it, businesses may have to cover these costs out of pocket.
Business Property
Business property insurance can provide protection for a company's tangible assets, including tools, fixtures, furniture, and equipment. This coverage applies to property that is either rented or owned by the business.
The insurance may cover the expenses involved in replacing or repairing items that become damaged, lost, or stolen. Additionally, it can provide coverage for loss of income if your company is unable to operate due to such losses.
It can also help assist with payroll and operational expenses in the event that the business must temporarily halt operations due to property damage. The policy can provide compensation for lost income up to the limits specified within the policy.
Cyber-Risk Insurance
Cyber-risk insurance can protect your business against the financial impact of cyber-related incidents. These incidents could include data breaches, hacking, or other forms of cyber-attacks.
This type of insurance policy can provide financial assistance to your business in the event that personal or sensitive data is compromised such as covering expenses to notify impacted parties. This coverage can be crucial for mitigating losses associated with data breaches, including covering costs to investigate the incident.
The Importance of Business Insurance
It can be crucial to have business insurance because it can help safeguard your company against unexpected financial losses. Whether it's property damage, theft, liability claims, or cyber incidents, business insurance can help ensure that you can recover and continue operations without debilitating costs.
By securing a comprehensive policy, you may not only be protecting your physical assets and income, but it can allow for your employees and clients to rest easy, knowing that you can be prepared for unforeseen events.
There are several other reasons to have business coverage such as, if:
Clients or Customers Visit You
Our Business Owners Policy (BOP) can safeguard your company against third-party lawsuits. This coverage includes injuries incurred by third parties while conducting business with your staff. Without a BOP, you may be responsible for out-of-pocket expenses in the event of such incidents.
You Store Sensitive Customer Information Online
A BOP policy can offer coverage for businesses that store personal information online. It can provide financial assistance to your business if that information is obtained by hackers during a cyber incident. It may allow you to notify impacted parties and investigate the cause and extent of the cyber-attack.
You Want to Protect Your Business Equipment
A Business Owners Policy (BOP) can provide coverage for your business's equipment or tools if they are stored on your premises. This coverage may include the costs of repair or replacement for items essential to your operations.
How Our Process Works
Step One: Start an Online Quote
Complete our online form in minutes to get a quote for business insurance in Massachusetts.
Step Two: Tell Us About Your Business
Basic information about your company will be required when applying for a quote. This includes the location of your business and the number of employees.
Step Three: Get Coverage
Coverage may start immediately upon accepting the policy terms and conditions.
What Is the Cost of a BOP?
The cost of a business insurance policy in Massachusetts is determined by several factors. Each business has unique needs and objectives, which can influence the premium amount.
Factors that can affect the premium cost include the number of employees and the industry in which the business operates.
Reasons to Select PolicySweet for Business Insurance
At PolicySweet®, we strive to make it easy to help protect yourself, your assets, and your company with our simple insurance application process.
Avoid the hassle of navigating confusing information or completing numerous steps to help protect your business. Get the coverage you might need with our BOP.
Years of Experience
Your BOP is issued by Great American Insurance Company and affiliated companies*. Great American Insurance Company has been providing insurance coverage to American businesses for more than 150 years.
Get a Free Quote for Business Insurance in Massachusetts
Your business can be well-prepared for unforeseen incidents with a Business Owners Policy (BOP). Do not wait for unfortunate circumstances to arise before deciding on the necessity of business insurance. Apply online for business insurance in Massachusetts today.
* PolicySweet insurance policies may be provided by unaffiliated insurance carriers in the event Great American Insurance Company and its affiliates are unwilling or unable to provide coverage. Unaffiliated carriers may not have the same ratings and history as Great American Insurance Company.