Commercial Package insurance

What is Commercial Package insurance?

Commercial Package Insurance is designed to make it easier and cheaper for most SMEs to purchase insurance that covers most of their requirements, rather than having to buy lots of separate policies. Typically, a commercial package policy will include certain covers as standard, allowing you to add or amend other covers from a simple list.

What Does Commercial Package Insurance Cover?

A commercial package insurance policy will vary by insurer, often it will include the Public Liability, Products Liability, Employers Liability, Business Interruption, Book Debts, Legal Expenses and Goods In Transit. These can be at fixed limits or with some flexibility to adjust the limits of cover. The policy will then allow you to select other covers, normally with values of your choosing, such as business contents, computers, portable equipment and stock. More specialist covers might be available in a package policy but might have to be purchased separately, such as Professional Indemnity, Cyber, Management Liability, Private Medical, Personal Accident, Motor, Equipment Breakdown, Cargo, Trade Credit and Intellectual Property.