Why You Should Bundle Commercial Coverage

commercial package insurance

If you have spent any time watching television, then you have probably heard plenty of insurance commercials mention “bundling” different coverages. It may be a confusing term for those who have never heard of this option. Luckily, the basics are pretty simple. Instead of purchasing each policy individually, you purchase lines in one package. This can include home and auto for individuals. Essentially, you pay for both of these lines under one payment. Individuals may have no need to include so many lines in their bundle. However, commercial package insurance includes a few different lines.

What Does a Commercial Package Cover?

A commercial package typically includes the standard general liability and property coverage. These are essential for any business. You may also chose to include other protections like commercial auto, crime, equipment breakdown or inland marine. With commercial package insurance, a small to medium-sized business can cover most if not all of their risks. Keep in mind that this option usually does not cover workers’ compensation or professional liability.

Why Go With This Option?

The primary reason for bundling coverage is the price. Many companies offer reduced rates if you attain a package as opposed to paying for each line separately. It also saves you the hassle of dealing with multiple agencies. Inquire with an agency today on how you can get the best coverage.