Commercial Package Policy And Its Coverage

​A commercial package policy is a single policy that allows you to bundle different types of coverages in it. It covers a wide range of businesses and can be customized according to your business necessity. They are composed of the coverages listed below:

Commercial Property Insurance
​​This insurance protects a company’s physical assets from unexpected events such as calamities, theft, fire, and more. Various businesses such as retailers, nonprofit organizations, and manufacturers can acquire this insurance.

Commercial Auto Insurance
This insurance serves as physical damage and liability protection for vans, cars, trucks, and other vehicles serving the business. Thus, commercial vehicles often require an additional policy since they are most susceptible to risk than personally owned vehicles. 

Aside from industrial vehicles such as trucks, other businesses that use cars to transport tools, pick up clients, and do errands may also benefit from this policy.

Business Crime Insurance
This insurance protects businesses from losses and fraud related to business crimes. This protection includes merchandise, assets, cash, and other property losses in the event of embezzlement, fraud, theft, forgery, misrepresentation, and any other existing types of crimes related to business.

Business Income Insurance
This insurance can cover income replacements when a business stops operating due to unexpected events caused by natural disasters and fire. It includes operating expenses, necessary relocations when necessary, loans, taxes, and payroll.

Inland Marine
This type of insurance covers equipment, materials, and other products when they are being transported on land by trains or trucks. It aims to provide help and protection to business properties that are transportable and mainly used for purposes such as communication and transportation.

Equipment Breakdown
This insurance covers funds for replacements and repairs of damaged machinery from mechanical, technical, and electrical failure. It’s specialized to cover losses from loss of air pressure, power surges, and short circuits that most other property insurances do not include.

General Liability
This insurance policy covers your company for accidents and claims that involve physical injuries and damaged properties incurred from operations, services, and products. It can also include liabilities and damages involving your landlord’s property.

Get Your Businesses and Organizations Insured

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please chat with one of our agents to understand your coverage and make sure your needs are met. We are happy to help!