A commercial package policy will combine two or more insurance coverages that you will need to protect your business. As the name suggests, it will be a package consisting of several types of insurance coverages, such as general commercial liability, commercial property, business crime, equipment breakdown, and commercial auto liability. However certain coverages may not be included in the packages. For instance, workers’ compensation insurance will not be covered in a package policy since it is mandatory to buy that in Philadelphia.
A commercial package policy in Philadelphia will cover different types of damages within one policy. It is very similar to umbrella insurance in concept, but targeted specifically at commercial enterprises.
Following are the common type of insurance that are covered:
A good CPP will protect your business with a range of policies. If you’re a business owner in Philly, consider getting a Philadelphia commercial package policy for your business today.