What is a commercial package policy?
A commercial package policy (CPP) is exactly what it sounds like—a package of commercial policies. A commercial package policy combines two or more coverages like commercial property and commercial general liability, business crime, equipment breakdown, inland marine, and commercial auto liability. Coverage availability on a CPP depends on the company and the program specifications. There are some coverages that a commercial package policy cannot include like workers compensation which is required by most state laws and must be purchased separately.
Having an insurance policy doesn’t mean you will be protected from harm, but it can help you keep your business open should your business experience a claim.
Like most insurance policies, the coverages contained in a commercial package policy cannot cover for all types of loss. Insurance policies will tell you what coverages are included and what isn’t through the exclusions. It is important to carefully review your policy. Contact a licensed insurance agent or attorney to review your insurance needs and policies to ensure you have the necessary coverages for your business.
Markel Specialty has been providing commercial package policies for a variety of our niche markets for over 70 years. We understand the need to have customizable insurance solutions when it comes to your business. We offer the coverages you need as well as provide you the loss control guidance and excellent customer service to help build out your risk management tools. Find out how Markel Specialty can help protect your business with a commercial package policy by exploring our insurance solutions.
Insurance and coverage are subject to availability and qualifications and may not be available in all 50 states. Coverage may not be available for all business types. Contact a Markel Specialty agent for more information. Insurance is underwritten by Markel Insurance Company, Glen Allen, VA.
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Learn more about Markel Specialty's small business insurance offerings and find out how you can protect your business with a commercial package policy.
We have been supporting small business owners with insurance solutions for over 70 years. Our corporation began as a small business in the 1930s, so we understand the changing insurance needs of business owners as your company grows over time.