Commercial Package Policy

A commercial package policy is an insurance policy that combines coverage for multiple perils, such as liability and property risk. A commercial package policy, or CPP, allows a business to take a flexible approach to obtaining insurance coverage, and may allow the business to pay out a lower amount of premiums than if it purchased a separate policy for each risk Commercial package policies allow for a high degree of customization and may combine two or more coverages into a single policy. While each plan is specific, the average CPP will cover different property and liability exposures. Coverage options include general liability and property coverage. Business auto policies are commonly added to the bundle, along with crime protection. Crime protection policies are insurance against more than just vandalism and include coverage for embezzlement, forgery, check or money tampering and credit card fraud. Inland marine coverage is also common under a commercial package policy, which provides on-the-ground coverage for items in transit. Additional policies can be added at an additional expense, allowing each business to cover precisely cover its unique set of risks.