Do You Need Commercial Package Policy Insurance?

You want to make sure you cover all of your business risks at the best price—learn how a commercial package policy is right for you.

As a small business owner, you have other things to worry about than your commercial business insurance. A commercial package policy keeps your most critical insurance coverages in one place, allowing you to focus on more important things.

The Best Commercial Insurance for Small Businesses in One Package

You know that you need commercial property, commercial auto, commercial general liability, and commercial umbrella insurance, but how can you keep track of all of them? Commercial package policies provide an easy solution. They combine your coverages in one convenient location. When your package policy renews, all of your coverages renew on the same date, with the same carrier, in the same policy.

A commercial package policy can be customized to fit your business needs and budget. Basic package policies contain commercial general liability and commercial property insurance, but additional coverages, including commercial auto insurance and commercial umbrella insurance, can be added. Every small business is unique, which is why commercial package policies provide a tailored commercial insurance solution. Learn more about the coverages that we can include in your commercial package policy below.

Southpoint can help you figure out what coverages you need to protect your business, and we keep track of your coverage so you don’t have to. Our insurance experts will find the best package policy to fit your needs.

General Liability Insurance

Commercial general liability insurance makes up half of the standard coverages in a commercial package policy. Things can go wrong even if you do everything right as a business owner, which is why general liability insurance provides coverage in the event of a lawsuit or client injury. Don’t leave your company susceptible to financial ruin—protect yourself with business liability insurance.

Property Insurance

You’re protected in the event of a lawsuit, but what happens if a fire ruins your office furniture? Property insurance pays to repair or replace property after a loss, which is why it’s an essential coverage in a commercial package policy. Property damage itself can be expensive, but it can also put your business out of commission for days. Property coverage will make you whole again after an unforeseen loss.

Commercial Auto Insurance

Your general liability and property coverages don’t apply when a loss involves a registered vehicle. If you or your employees drive while on the clock, whether the car is personal or company-owned, your business can be held liable for financial damages after a crash. Adding commercial auto coverage to a commercial package policy ensures that a bad car accident won’t turn into a significant hurdle for your business.

Umbrella Insurance

Are you concerned that your general liability or auto liability limits are not enough to pay for a large claim? If your business operations are risky, you might want an extra layer of coverage to protect your finances. Commercial umbrella insurance sits over your other coverages and kicks in once your other policy limits are exhausted. Umbrella insurance can typically be added to a package policy at a low cost.

Learn More About Commercial Business Insurance Solutions

Contact our industry experts at Southpoint Insurance to see if a commercial package policy is the right insurance solution for your business.

Not All Commercial Business Insurance Is Created Equal

It can be overwhelming to know what insurance coverage you need, if a commercial package policy is right for you, and what coverages you might need in your package policy. You have enough on your plate as a small business owner and need someone to look out for your best interests. Southpoint Insurance is here to represent you, not an insurance company, which is why we prioritize finding the best coverage for you. Our insurance experts have decades of experience finding the best coverages and carriers to fit our client partners. We take advantage of our long-lasting carrier relationships in order to find the best quotes available because we understand that having a variety of options is important. Contact us today to discover how we can get you the best coverage with a low price tag.

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