What Does a Commercial Package Policy Include?
When you manage a business, you must take steps to mitigate risk and reduce liability. Commercial insurance is one of the many tools you can use to do that. A commercial package policy combines individual coverages into a comprehensive and customizable package designed to meet the needs of your business.
What Are Common Coverage Options?
The exact coverage you choose will be based on your specific needs. However, there are some types that are commonly included in a package policy. These are:
- Business property insurance
- General liability coverage
- Commercial auto
- Business interruption
- Sewage and drain backup coverage
- Equipment breakdown protection
- Industry-specific liability protection
How Does Customization Benefit Business?
The experts at SB One Insurance Agency explain that there are numerous benefits to customizing your commercial insurance coverage. Among the most critical are avoiding duplication, minimizing gaps in coverage, and customizing coverage levels and deductible amounts. You will also be able to include industry-specific policies in your package.
How Do You Find the Right Coverage?
Your coverage needs will likely change over time as your business evolves and grows. Regular comprehensive reviews of the coverage you have in place can ensure it meets your current needs.
The right combination of insurance coverage will protect your business from physical damage, loss and claims made against it. Work with an experienced commercial insurance agent to establish what coverages are right for you.