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Commercial Package Policies (CPP) provide businesses with essential property and liability coverage. Some companies can link the Commercial Package Policy to other policies like Commercial Auto, Umbrella or Inland Marine. The package is flexible and can be configured to a company's specific need. This allows for the basic policy to be expanded to include a variety of special coverages. A broad range of business risk can be covered with the special package programs from Maxwell Agency.
The Businessowners Policy (BOP) also combines property and liability coverages into a package as does the CPP. The BOP is tailored to the smaller business and the guidelines for writing the policy are narrow when compared to the CPP policy. While the policy was basic when first introduced companies have expanded it to include a wide variety of "automatic" coverages. Some examples of policy additions might include coverage for Business Interruption, Accounts Receivable, and data processing.
Business Auto coverage encompasses commercial vehicle of all types. Delivery vans, pickup and light trucks and heavier trucks are all examples of vehicles that can be covered on this Business Auto Policy.
Garage insurance offers coverage specifically for those types of ventures in the business of servicing automobiles. Repair and Body shops and parking facilities are examples of businesses that have special coverage needs.
Excess liability coverage often referred to as 'umbrella" policies provide an extra layer of liability for business. Most often the excess liability policy can be written "over the top of" a CPP, BOP or Auto policy.
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