A commercial package policy (CPP) is a package of two or more coverages designed specifically for your business. CPPs include the same coverage forms that are used when separate policies are purchased, such as liability insurance, property insurance, business interruption insurance, etc. However, with a CPP you’re able to bundle coverage into one policy for convenience and cost-effectiveness.
Our staff at Sine Insurance Group will review your specific operation and the scope and extend of your exposures to determine if a commercial package policy is right for you.
Coverage You Can Rely On
A commercial package policy gives your business more control as it provides only the coverages selected by you — the policyholder. This means that a CPP may consist of only general liability and contents property coverage, or it may include much more.
CPPs do not cover specialty insurance lines such as professional liability, fiduciary liability or workers compensation. Coverage does include:
- General Liability insurance if your company is sued
- Buildings and Contents Coverage
- Property Off Premises
- Valuable Papers
- Equipment Breakdown
- Commercial Auto Insurance
- Cyber Liability
- And more…
Premiums are affected by a variety of factors, dependent on the types of coverage forms that are included in your package. For example with property insurance, the age, construction, and value of the building will greatly impact the premium. At the same time, the inherent risk of your operations will affect your liability premium. We will go over all of this in detail with you to make sure the insurance amounts accurately reflect your risk.