Being a small business owner can be rewarding, but it can also come with a lot of responsibility. When something goes wrong, either with an unhappy customer or an operational disruption, you are often the person responsible for finding a solution. Your local Bearingstar team is here to support you and help protect the business that you’ve worked so hard to build. By partnering with us to design a businessowners policy (BOP) tailored to your company’s needs, you can gain both peace of mind and well-rounded protection.
A BOP Insurance Policy Is the Small Business Owner’s Answer to Bundling
One of the main benefits of a BOP is that it combines multiple types of business insurance coverages under one policy. This often saves small businesses both time and money. Think of it as a built-in bundling discount: You have one set of premiums to pay, one insurance company to keep track of, and one Bearingstar Consultant to contact with coverage questions, claims concerns, and certificate of insurance (COI) requests. Additionally, a BOP can help many small businesses meet their basic insurance needs while offering them the flexibility to tailor coverage to their specific industry. A standard policy typically includes general liability insurance, commercial property insurance, and business interruption insurance. Depending on the type of work your business does, we may recommend adding coverage for:
- Accounts Receivable
- Crime
- Cyber Liability
- Employment Practices Liability
- Equipment Breakdown
- Errors and Omissions
- Food/Merchandise Spoilage
- Hired/Non-Owned Auto
- Inland Marine
- Money and Securities
- Valuable Papers
Is a BOP Right for Your Small Business?
Although a BOP is the flexible solution many small businesses are looking for, it’s not appropriate for every company or industry. Your team at Bearingstar is here to guide you through the eligibility requirements and help determine if a BOP is the right fit for your business and the risks it faces. If a BOP doesn’t meet your particular business’s needs, our knowledgeable and experienced agents can help you explore other available options. In general, a BOP may be right for you if:
- You employ 100 workers or fewer.
- Your business earns less than $5 million in annual revenue.
- You operate in a small office or other commercial building under 35,000 square feet.
- Your industry is considered a lower risk.
This Is What We Love to Do
Educating customers on how to protect what is most important to them, providing insurance solutions that are easy to understand and competitively priced, and backing it all up with exemplary service—these are the things every Bearingstar team member is passionate about.
What Makes Bearingstar Different?
At our core, we are an agency focused on making a positive difference in the lives of people, from the customers and communities we serve to our employees working and living across Massachusetts and Connecticut. Click on any of the company principles to the right to learn more about how we strive to fulfill our collective personal and professional mission every day.
People FirstGood CitizenshipDiversity & InclusionStrength & SecurityBest-in-Class Performance
We always prioritize the person (not the transaction) and focus on building enduring relationships with customers and employees through positive, caring, and respectful interactions.
We take great pleasure in collaborating with people and organizations in the communities we serve and enjoy engaging in opportunities that allow us to give back and make an impact.
We are strongly committed to meeting the needs of the diverse individuals, families, business owners, and employees we support.
We have been here for our customers for over 25 years, and being backed by a long-standing and financially stable mutual assurance company means we are here for the long term.
We constantly seek new ideas, opportunities, and methods of doing business to ensure that we remain the benchmark for responsiveness and adaptability to customers’ ever-evolving needs.
