What is a Commercial Package Policy?

Simply put, a commercial package policy is a single policy that contains commercial general liability insurance as well as commercial property insurance

There are several benefits to packaging liability and property insurance. Typically, there is a financial benefit. The more lines of business you write with a single carrier, the more negotiating power you have. 

Additionally, having these policies packaged together makes for a much easier claims process. Since the carrier is the same, you report all liability and all property claims to the same carrier. There are no issue with subrogation or having carriers fight over who should pay. 

For more information on commercial package policies, fill out the form below and a commercial package broker will provide more information.