Commercial Package Policy

What is a Commercial Package Policy?

A Commercial Package Policy (CPP) is an insurance policy that provides both liability and property coverage for businesses and other organizations. This policy has a range of coverages and limits, allowing a business additional flexibility in tailoring its coverage to specific needs.

What are the coverages included in a Commercial Package Policy?

A Commercial Package Policy can include two or more of the following coverages:

• General Liability
• Commercial Property
• Business Income
• Business Crime
• Commercial Umbrella
• Employment Practices Liability
• Inland Marine

What additional coverages can included in a Commercial Package Policy?

Additional coverages, also known as Enhanced Property Endorsement, can also be added to the policy, including

• Equipment Breakdown
• Spoilage Coverage up to $100,000
• Outdoor Signs
• Valuable Papers
• Accounts Receivable
• Personal Property of Others
• Newly Acquired Locations
• Outdoor Signs
• Debris Removal
• Fire Department Service Charges
• Trees, Shrubs and Plants
• Off Premises Power Outage

What is the difference between a Commercial Package Policy (CPP) and a Businessowner's Policy (BOP)?

A Businessowner's Policy (BOP) is designed for small to medium-sized businesses and provides liability, property, and other coverages at a lower cost than buying individual coverages. On the other hand, a Commercial Package Policy (CPP) also bundles liability, property, and other coverages; however, it is geared towards businesses with higher risks. CPP offers coverages and limits that are more customizable, making it a good option for businesses with unique or complex needs.

What Businesses can benefit from a Commercial Package Policy?

Small to medium size businesses can benefit from a Commercial Package Policy, including:

Contact an insurance agent for more information

If you own a small business, you should inquire about purchasing a Commercial Package Policy. Contact us for an insurance agent in your area.