Commercial Package Policy (CPP)
A package policy designed for commercial insureds that can provide in one policy several lines of insurance as needed by the commercial entity. Lines of insurance coverage which may be included in the CPP are:

• Commercial Property
As a business owner, there is insurance available to cover not only you, but also your business’ premises and property (complete description available under property & casualty section). Several coverage options are available:

• Building and Personal Property Coverage
This would include coverage on any building or structures requested as well as additions and fixtures, permanently installed machinery and equipment, and business and personal property.

• Builders Risk Coverage
This form of insurance would be used to provide insurance for a new building or structure, or for one that is undergoing construction, additions, repairs, or alterations. This form of insurance may also be written as an Inland Marine policy.

• Business Income (with Extra Expense and Without Extra Expense) Coverage
The Business Income coverage is a time element form of insurance. There is insurance available to cover not only the owner, but also the business’ premises and property. The coverage will be available should your business suffer damage or a fire, however the building itself is reparable. How are you to make money with your building shut down? The Business Income coverage will pay the actual financial loss when you have to shut down for repairs. The Extra Expense coverage will provide for actions taken to avoid the stoppage of business and resume regular work day activities, possibly at another location.

• Commercial General Liability
Commercial General Liability is a big policy and offers many provisions and coverages. Because many businesses hold items for sale, it requires customers to venture onto their premises (complete description available under property & casualty section). Other businesses provide services or handle the manufacturing and/or distribution of goods. The CGL extends to cover bodily and personal advertising injuries, as well as property damage. Because of the elements that are necessary to effectively run an operation, the business will face many liability exposures.

• Crime
From thefts and burglaries to employee dishonesty, crime affects all companies in some form or another. Whether it be from the outside or from the inside, this unfortunate action requires some form of protection; Commercial Crime Coverage.

There are seventeen crime coverages available to you as an insured. Here are just a few:
Employee Dishonesty
Forgery or Alteration
Theft, Disappearance and Destruction
Robbery and Safe Burglary--Money and Securities
Robbery and Safe Burglary--Other than Money and Securities
Premises Burglary
Computer Fraud
Extortion Coverage

• Inland Marine
In order to meet the needs of a changing country, insurance carriers have broadened their scopes of coverage. While transportation once included shipping and it has expanded to include many forms of land travel. The Inland Marine Policy provides a very adaptable coverage for commercial property in-transit and property which has left your premises (complete description available under property & casualty section). This special form of insurance was developed to provide coverage for movable property and instrumentalities (rather, means of transportation) and communication. Inland Marine includes provisions for:
Imports
Exports
Domestic Shipments
Bridges and Tunnels
Other Forms of Instrumentalities and Transportation
Property Floater Risks
The Inland Marine Policy is a very broad policy and offers many provisions, but (like most policies) contains several exclusions.

• Boiler and Machinery
There are several forms of insurance whose importance is overlooked; maybe because it only pertains to a few businesses. While boilers are not commonly found in most places of business, machines are a major part of daily activities. Explosions draw great concern as does a breakdown in machinery. The Boiler and Machinery Policy provides protection for loss to or arising from equipment that uses, generates, or transmits power.

• Commercial Auto
Many businesses require their employees to drive company vehicles. Your personal auto policy has exclusions for vehicles used in business so whether your business owns one vehicle or an entire fleet, commercial auto insurance is a necessary. An auto insurance policy provides coverage for liability as well as physical damage associated with the vehicles owned by your company. In many ways, commercial auto coverage is very similar to what you are used to on your personal auto policy (complete description available under property & casualty section).

Liability Insurance
The liability portion of the policy covers any damages your company is required to pay to another party as a result of an accident involving a company-owned vehicle. All states require vehicle owners to purchase a minimum amount of automobile liability insurance. Most states have separate minimum coverage limits for bodily injury to each person who is hurt in an accident, for bodily injury for all people hurt in the accident, and for property damage. The state required minimum is almost never enough coverage. Be sure to purchase enough coverage to protect your business assets. For the liability portion, you should consider million limits the minimum. You may be able to purchase less if you also have an umbrella policy that will accept lower underlying limits.

Physical Damage Coverage
Physical damage coverage pays for damage to the insured vehicle. There are three basic types of physical damage coverage: collision, comprehensive and named peril.
Collision coverage pays for losses that result from a collision of the insured vehicle.
Comprehensive coverage is broader coverage that provides coverage for losses other than those covered by collision.
Named peril coverage is a less expensive option than comprehensive coverage. It generally covers fire, theft and various specified perils.
Businesses that own fleets of vehicles are at an increased risk of loss and require more coverage. For example, vehicles parked together overnight are at risk of being destroyed in a single incident, such as a fire a tornado or even a hailstorm.

In many cases companies purchase additional property coverage to protect vehicles that are kept unattended on the premises. Another option that decreases the risk of large-scale accidents is to allow employees to take company vehicles home at night (but make sure you are covered for this exposure).