What does a packaged commercial policy typically include?

A packaged commercial policy is designed to offer comprehensive coverage by combining multiple types of insurance in a single policy. This approach is beneficial for businesses because it ensures that various potential risks are addressed under one policy, simplifying management and potentially resulting in cost savings compared to purchasing each type of coverage separately.

Typically, packaged commercial policies may include general liability, property insurance, business interruption, equipment breakdown, and other relevant coverages tailored to the needs of the business. The inherent flexibility allows businesses to select the coverage that best matches their exposure and operational requirements.

The concept of combining various types of insurance is particularly attractive for small to medium-sized enterprises that may not have the resources to comprehensively evaluate and manage individual policies for each risk area. By opting for a packaged solution, they benefit from broader protection while streamlining their insurance management.