What You Need to Know About Commercial Package Insurance

All businesses need insurance. When your business first starts out, a simple plan normally works the best. You need a business owners’ policy that offers basic liability and property coverage. However, once your business begins to grow in size, it may need specialized insurance. The more complex your business is, the more likely you are to need commercial package insurance. Commercial package insurance in Glen Rock may seem daunting at first, but it really isn’t. Here is what you should know.

Types of Coverages

A commercial package policy or CPP allows you to bundle different types of coverages under a single policy. These policies are available for a wide variety of businesses. Here are some of the coverages offered:

  • General liability
  • Property insurance
  • Electronic data coverage
  • Business income insurance
  • Crime insurance
  • Equipment breakdown
  • Business vehicle insurance
  • Pollution liability
  • Transport

Large ranges of different policies are available to add.

Types of Coverages Not Offered

Some coverages cannot be bundled under this particular policy. Those policies include:

  • Health and disability
  • Life insurance
  • Workers’ compensation
  • D&O liability

When it comes to your business insurance, you do not want to slack on coverage. If your business is older or more complex, then you need to start looking into commercial package insurance in Glen Rock. Commercial packages serve a variety of industries.

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