Insurance Concept of the Week: Commercial Package Policy

Each week we will post and define an industry term or concept for our readers.

A commercial package policy is a business insurance policy that includes multiple coverage parts. It is beneficial for the insured because it minimizes gaps in coverage, and often it includes package discounts that lower the total premium for the customer. Examples of coverages usually included in a commercial package policy are: commercial property, general liability, and commercial automobile insurance.

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