A Business Owners Policy (BOP) is a special form of insurance intended for small and medium businesses. With BOP, general liability and property insurance can be more cost effective and provide the appropriate coverage for certain business types. Additional types of insurance for small businesses includes workers' compensation, commercial auto, business interruption, and cyber protection, to name just a few.
Because no carrier has more than 6% market share in business insurance, it is a fairly fragmented market. Many brokers and agencies offer risk consulting as a service to round out the insurance policy protections. Innovators in this space are moving more online to support both direct and agent-assisted distribution. Fenris captures data on over 35 million businesses and purpose built our data to enable matching to one of our unique records using just the name and state of any business entity.
| Common Problems | How We Can Help | |
|---|---|---|
| No reliable source for quality prefill for small business | Quality source records on 35m+ small businesses | |
| Abandonment of long questionnaires | Prefill the application using just name and state of the business | |
| Slow turnaround times | Enable streamlined processing with insight and data |
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