Can I Get a Commercial Policy That Combines Different Types of Insurance?

Regardless of industry, size or other specific details, your business likely requires a multifaceted insurance package. For large corporations, family-owned businesses and mid-sized companies alike, risk management and loss control are top priorities. However, composing and managing commercial insurance or commercial policy can be a time-consuming and costly task. Fortunately, there may be ways to combine multiple forms of coverage and improve efficiency.

What Are My Options for Multipurpose Policies?

There are various approaches available for bundling commercial coverage. Bundling refers to purchasing multiple types of insurance from the same carrier, which may garner various benefits, including reduced overall costs. When seeking out these opportunities, consider the following potential options:

• Business owners policies (BOPs)—While convenient, BOPs are typically only available to small- and medium-sized businesses, and their availability may also be limited by industry. These multipart arrangements can offer valuable coverage. Specifically, they typically include the following key forms of insurance often needed by many businesses across various sectors:

• General liability insurance

• Commercial property insurance

• Business interruption insurance

• Commercial package policies—Unlike BOPs, these insurance products are typically available for a broader range of companies. Furthermore, these policies may also offer additional coverage options compared with BOPs. Specifically, your business may be able to include the following in these arrangements:

• Commercial auto insurance

• Professional liability insurance

• Inland marine insurance

• Commercial crime insurance

• Employment practices liability insurance

• Commercial umbrella insurance

We’re Here to Help

At Plemons Insurance Agency in , , our dedicated team has the knowledge and experience to help you compile an ideal commercial insurance package. Contact us today to explore your options and compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.