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What is GigBOP - Business Owners Policy for Management or Professional Consultant Services?
Business Owners Policy covering Business Personal Property & General Liability with options in Employment Benefit Liability, Professional Liability, and Hired Non-Owned Auto Liability. Designed and tailored solutions for risks related to Gig Economy and emerging industries. Specifically created for home-based business, shared workspace offices, and limited footprint companies.
Businesses eligible for the GigBOP include: Artisan/Servicing Manufacturing, Direct Retail Sales, Online Retail Sales and Services. We have more than 75 classes available.
Competitive Commissions: We pay competitive commissions on premium collected.
GigBOP at a Glance
Why do Management or Professional Consultant Business Owners need insurance?
Since the gig economy boomed over a decade ago, most services that are being offered are business management or professional consultation services.
Business managers are offering services for talent recruitment, overseeing trainings and other company events, handling employee performance, offering solutions to resolve management issues, making sure that the projects are done on time and within the budget, sees to it that the company goals, objectives, and standards are met, and so forth. While the professional consultants are being hired for their experience to provide advice to the company about the business and management, as well as strategies in managing certain development of events.
Your small business that offers services on company management or business consultation need professional consultation insurance or professional management insurance. Why? Because even if your business provides skills or knowledge as a service, there are still unique risks in doing this business. Case in point, you are a business manager who conducted a certain company event, and you went over the allotted budget because of your own mistake. How are you supposed to settle this problem? How will you handle instances when the services that your business offers do not meet the satisfaction of your customers? SynchronoSure® gives you its insurance for professional consultants and insurance for business managers as a solution.
Did you know that cyber hackers are not just targeting the big companies but even the small businesses nowadays? Yes, that is right. In order not to be a victim, you got to have a business managers’ insurance or professional consultant insurance. This is your business’ protection against damage to someone else’s property, even your own equipment in case that your item is damaged too. SynchronoSure®’s GigBOP is a business owners policy that has Professional Liability coverage that protects you if you are sued for damages resulting from the professional services you provide. And there’s a lot more.
Operating a small business without an insurance is, without a doubt, risky. In the startup phase, there can be a lot of challenges, and most of it are related to finances; costs for a new product to be known in the market, costs of an ongoing marketing plan, etc.
You might think that applying for an insurance is just an added cost to your business. But look at it this way, without an insurance policy, you will end up losing business eventually if something bad happens and you haven’t prepared for it. Remember that the benefits you will get from the business management businessowners policy and professional consultant businessowners policy outweighs the costs you pay today.
Accepts payment via credit card or ACH. Policy forms, invoices and policyholder notices are sent electronically.
Visit the Insurance-As-A-Service™ Resources page available to policyholders for access at your fingertips a suite of value added resources for legal, human resource management, risk management, mental health, ergonomics and loss mitigation services.