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Commercial Package Policies

Save money, cater to your unique needs, and make handling your insurance simpler and more efficient by bundling your commercial insurance policies into one package!

Packaging multiple types of coverage within a single insurance policy is always a good idea for businesses. It saves you money, caters to your unique needs, and makes handling your insurance simpler and more efficient.

Smaller businesses without specialized risks tend to go with business owner policies (BOPs) as their insurance package of choice. With most BOPs, major liability and property risks are covered, and you’ll sometimes get business interruption coverage as well. If your business is larger or actively expanding, however, a BOP simply won’t provide enough coverage to adequately protect your investments.

In this case, a commercial package policy (CPP) may be just what you’re looking for.

About Commercial Package Policies

Commercial package policies cover businesses in a wide range of industries. Unlike BOPs, however, they provide more flexibility for protecting the unique and complex risks larger companies may face. While small commercial businesses, certain types of restaurants, and independent contractors generally choose BOPs, larger, multifaceted companies who face more severe risks will benefit from CPPs.

Most CPPs come with property insurance and general liability insurance. From there, business owners are free to customize their CPPs with the unique types of coverage they need. Characteristically, CPPs are more flexible than BOPs and the most customizable option available for businesses.

Here are some of the added coverages you may choose for your CPP:

  • Professional Liability Coverage
  • Business Auto Coverage
  • Business Interruption Insurance
  • Electronic Data Processing Coverage
  • Business Crime Insurance
  • Equipment Breakdown Coverage
  • Employment Practices Liability Coverage
  • Pollution Liability Coverage
  • Commercial Umbrella Liability Coverage
  • Inland Marine Coverage
  • Cyber Insurance  

Why Bundle Your Insurance?

Like BOPs, CPPs allow for bundling, which is one of the best ways to save on any type of insurance. It’s simply less expensive to group policies than it is to purchase each line of coverage separately. You’ll lower your deductibles and obtain policy discounts while getting more and better coverage.

Bundling also enables you to work with one single carrier. This is simply more convenient when it comes to organizing and managing your coverage. Start and end dates are clear and usually coincide, and you’ll only be working with one agency.

Get Your Free CPP Quote Today

Whether your business is already of large size or you’re looking to expand, a commercial package policy (CPP) may be just the coverage you need to adequately protect your investments.

Request your free quote for a commercial package policy today by contacting HBL Insurance Agency.


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