Commercial Package Policy
The Commercial Package Policy combines single lines of insurance coverage into one package, with a package discount added to reduce the total premium. The lines of insurance available are property, liability, inland marine, glass and crime. The package policy is very versatile with many optional coverage endorsements available.
The property coverage can include buildings and structures, business personal property, and loss of business income. Unless otherwise specified, the property is subject to 80% coinsurance.
The liability coverage includes bodily injury, property damage, medical payments, fire legal liability, and products and completed work. Optional coverages include personal and advertising injury liability and non-owned / hired auto liability.
In response to the changing needs of the business owner, the liability coverage has been expanded and broadened in the areas of pharmacy professional liability and home health care liability.
The following Professional Liability endorsements are available:
The inland marine coverage offers a variety of property forms including scheduled property floaters for computers and property in-transit or located off premises.
This is not a contract for coverage. Policy language controls.