commercial package policy

Choose Your Business Insurance Packages Carefully

While business owners’ risks are often dictated by their industries and can vary widely, insurance companies have crafted different coverage solutions to address potential losses associated with these risks. Depending on your individual enterprise’s needs, you may need a commercial package policy. Understanding the basic nature of this type of insurance should help you work with your agent to select the best one for your business.

Customized Insurance Solutions

A commercial package insurance policy is a distinctively tailored solution combines standard business owner coverage with other unique insurance products. At its roots, a business owner policy usually includes property and liability coverage, as well as business interruption insurance and equipment breakdown coverage. However, a commercial package policy permits you to bundle other products with it for expanded risk protection. You’ll usually find that owners opt to add on certain specialized features and customized liability solutions:

  • Cyber liability
  • Inland marine policies
  • Business auto insurance
  • Crime coverage

Your commercial package policy should be crafted for maximum loss protection and to ensure you’re your business can remain operational through emergencies, unexpected downtime and other unusual circumstances. Your lines of business, unique risk factors and other circumstances should be considered when selecting your solutions. Your insurance agent will be able to guide you to the best options for your company.