Carmel commercial package policy

When You Should Choose a Commercial Package Policy Over a BOP

If you’re a business owner, you know you need expansive insurance to cover any upcoming mishaps. However, there may be some confusion over what the best option is for your company. Do you want a business owners policy or a commercial package policy? Both are great choices to save money, but they each have their own sets of circumstances. Here’s when you should choose a Carmel commercial package policy over a BOP.

You Have a Larger Company

Your mid-size business has outgrown the traditional threefold BOP policy. In addition to property insurance, liability protection and business interruption insurance, your business may need things like vehicle, crime or employment practices insurance. You won’t find them in a business owners policy, but most insurance agents sell these as options in a commercial bundle.

You Have Specialized Risks

Maybe you rely on electrical equipment or you move goods across land and water. You’ll need specific insurance for that and it’s not included in a BOP. A Carmel commercial package policy can offer you a wide variety of options for everything from electronic data processing to pollution liability coverage. Feel secure in knowing that you’re covered for situations particular to your business.

When it comes down to it, commercial packages are best when you need to add coverage tailored to your company’s specific needs. If you’ve outgrown your BOP policy, a CPP is the next best way to save money by bundling components.