Commercial Package Policy

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:

  • Apartments & Rental Dwellings
  • Barber Shops, Beauty and Nail Salons
  • Bowling Centers
  • Car Washes
  • Civic or Social Clubs
  • Churches
  • Contractors
  • Convenience Stores
  • Distributors
  • Grocery Stores
  • Hotels/Motels
  • Light Manufacturing
  • Lessor’s Risk
  • Offices
  • Professional Offices
  • Restaurants & Food Services
  • Retail Stores
  • Supermarkets
  • Vacant Land

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.

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