Protect your business and your assets with a commercial package policy or CPP. You can tailor coverage for your business by choosing coverage such as liability, property, inland marine, equipment breakdown and crime coverage. When you put policies together into a commercial package policy, you can save money.
You may have heard of a Business Operator's Policy (BOP), which requires less than 50 employees and has a cap on revenues. Business package insurance policies (CPPs) do not have a revenue cap or required number of employees. In contrast to the packaged plan of the BOP, there is no limit to the number of types of coverage you can have. Commercial package insurance coverage can include:
1. Liability insurance to cover your legal needs
2. Property coverage to insure buildings and places you conduct business
3. Inland marine, equipment breakdown & crime coverage to get your business up and running after a loss
Protect your company from lawsuits with liability coverage for your CPPDetermine what liability issues your company faces. Think about where you will need CPP insurance coverage, including your premises, contracts, advertising, employee action or inaction, product liability and/or legal defense costs.
Find out about commercial package policies with property insuranceInsurance companies base property insurance premiums on safety features, location and value of the office. Previous losses may also affect the cost. You can get quotes online to get started.
Choose from inland marine, equipment breakdown and crime coverage for your business package policyWhile sounding complex, inland marine coverage is just coverage for items that are movable, such as merchandise or account receivables. Equipment breakdown covers the equipment as well as loss of income that a breakdown can create. Crime insurance as part of commercial package policies covers internal or external theft.
- Even with commercial package policy insurance, there can be insurance gaps. Your business may need Worker's Compensation coverage, health, life and disability and/or specialized coverage such as Directors' and Officers' Liability and Fiduciary Liability.