Commercial Package Insurance Policy
Custom coverage that fits the way your business runs.
A commercial package policy (CPP) helps businesses combine multiple coverages into one coordinated insurance program. It's a flexible solution for businesses with more complex risks, higher property values, multiple locations, or contract requirements that go beyond a basic business owners' policy.
What a Commercial Package Policy Includes:
General Liability
General liability insurance helps protect your business from covered claims involving bodily injury, property damage, advertising injury, and certain lawsuits connected to your business operations.
Property Insurance
Commercial property insurance helps protect buildings, business personal property, equipment, inventory, furniture, fixtures, and other covered property from covered causes of loss.
Common Add-Ons & Endorsements
Business Income
Helps replace lost income if your business has to temporarily close due to a covered loss
Commercial Auto
Coverage for business-owned vehicles used for work-related activities.
Inland Marine
Protection for property in transit or at job sites, away from your premises.
Crime
Coverage for employee theft, forgery, fraud, and other dishonest acts.
Equipment Breakdown
Covers costly repairs or replacement when equipment or systems break down.
Cyber Liability
Helps with costs related to data breaches, phishing scams, and cyber extortion.
When does a Commercial Package Policy (CPP) Make Sense
A CPP may be worth considerations if your business:
- Owns or leases commercial property
- Has valuable inventory, equipment, machinery, tools, or business personal property
- Operates from more than one location
- Has business income exposure if a covered loss forces operations to slow down or temporarily close
- Signs leases, vendor agreements, service contracts, or subcontractor agreements with insurance requirements
- Has property that moves between locations, job sites, vehicles, or temporary storage
- Uses company vehicles or hired and non-owned autos
- Has cyber, crime, professional liability, employment practices, or management liability concerns
- Has outgrown a standard business owners policy
Commercial Package Policy vs. Business Owners Policy
A business owners policy can be a good option for smaller businesses with straightforward property and liability needs. A commercial package policy is usually a better fit when the business needs more flexibility
Commercial Package Policy
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More customizable
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Often suited for larger or more complex businesses
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Can combine property, liability, inland marine, crime, equipment breakdown, auto, and other coverages
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More flexible for businesses with specialized risks
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Better fit for businesses that have outgrown basic coverage
Business Owners Policy
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More pre-packaged
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Often suited for smaller businesses
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Usually combines property, liability, and business income
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Eligibility may be more limited
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Good fit for many standard small businesses
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Additional Coverages to Consider
Depending on the business, a commercial package policy may need to be coordinated with additional policies or endorsements, such as:
Professional Liability
Covers a business's legal liability for errors or omissions in the services it provides.
Employment Practices Liability
Covers a business's legal liability for employment-related claims, such as discrimination, harassment, and wrongful termination.
Directors and Officers Liability
Covers the legal liability of a company's directors and officers for actions taken in their official capacities.
Workers' Compensation
Covers medical expenses and lost wages for employees who are injured on the job.
Frequently Asked Questions
What is a commercial package policy?
A commercial package policy is a business insurance policy that combines multiple coverages into one coordinated policy structure. the core coverages include commercial property and general liability, and it may also include or coordinate with other coverages such as business income, equipment breakdown, inland marine, crime, cyber, or commercial auto.
Is a commercial package policy the same as a business owners policy?
No. A business owners policy is usually more pre-packaged and is often used by smaller businesses with more standard risks. A commercial package policy is more customizable and may be better for businesses with larger property values, multiple locations, specialized equipment, contract requirements, or more complex operations.
Can a commercial package policy include workers' compensation?
Workers' compensation is handled separately from a commercial package policy.
Does a commercial package policy include professional liability?
Professional liability is often written separately, although it may be coordinated with the rest of the insurance program. Businesses that provide advice, consulting, design, technical services, financial services, or other professional services should review whether professional liability coverage is needed.
Why would a business choose a commercial package policy?
A business may choose a commercial package policy because it needs more flexibility than a standard business owners policy provides. A CPP can help coordinate multiple coverages, address specialized risks, and create a more complete insurance program.
How often should a commercial package policy be reviewed?
A commercial package policy should be reviewed at least annually and whenever the business changes. New locations, new equipment, new contracts, added vehicles, revenue changes, renovations, acquisitions, staffing changes, or new services can all affect coverage needs.
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Client Resources
Client Portal
The Zywave portal gives Concklin clients access to professionally written insurance, HR, safety, compliance, and risk management resources. Content can be tailored by industry, state, and preference, with email updates available when new resources are added. Contact your Concklin representative with any questions.
Client Advocacy
Independent Agents act more like Trusted Advisors. We have your best interests in mind, even after coverage is bound. Like a Trusted Advisor, Independent Agents are your advocate if a claim should occur. Being in your corner means being there every step of the way, from helping you decide if a claim should be filed to talking with claims auditors and adjusters, the wellbeing of our clients is our number one priority.
Cyber Resources
Cyber threats can create serious costs for small businesses, including breach response, forensic work, customer notifications, legal expenses, and reputational damage. Concklin Insurance Agency offers cyber liability insurance, along with resources to help business owners better understand and reduce their cyber risk.