Commonly known as a CCP, a commercial package policy is a coverage bundle designed to protect your business against a range of risks that threaten your operation. A standard CCP includes coverages such as general liability and commercial property, paired with numerous other components or options tailored to your unique business operation, such as workers compensation.
One key advantage of a commercial package policy is that it can save you money on your premiums compared with purchasing a separate policy for each risk exposure.
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Most commercial package policies (CCPs) are written for small to medium-sized businesses. Because SMBs tend to have smaller, less complicated operations, they also generally tend to have lower risk exposure in comparison compared to a large enterprise or chain.
Because a small mom-and-pop grocery store tends to have less risk exposure than a multinational manufacturing firm, they likely need significantly less insurance coverage.
If you’re an SMB interested in saving money on your premiums with a single custom-tailored plan, a Commercial Package Policy may very well be a great fit for you.
Some industries that commonly carry CPP insurance include:
At Tomins, our consultative approach to designing insurance for entrepreneurs and small businesses helps make sure you’re covered at the most competitive price possible. We pride ourselves on offering the right coverage for your specific need.
Commercial package policies can be highly customized to fit the unique needs of a modern small or medium-sized business. While the average commercial package policy includes standard general liability and commercial property coverages, many also include coverages for commercial auto.
Businesses that need protection for goods that they transport often also include inland marine coverage in their CPP. Depending on your unique situation, there are several other coverages that would be wise for you to consider.
While this list is far from exhaustive, some additional CPP coverages that might make sense for your business include:
At Tomins, we are in the business of making commercial package insurance easy. Start your free, personalized insurance quote now at our online quote page . To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply: