Commercial Package Policy: Protect What You've Built

Our commercial package policy provides protection for your buildings, business personal property, liability risks, and specific business risks.

The Commercial Package Policy is most often used for businesses like:

• Contractors
• Auto service and repair
• Churches
• Commercial rental property
• Equipment dealers
• Light manufacturing
• Local trucking
• Other service companies (e.g. janitorial services)

Choose how your property will be valued in case of loss:  

• Actual cash value is coverage for the current value of your buildings (replacement cost minus depreciation for age and wear). The newer your buildings, the more coverage you’ll have.  
• Replacement cost allows you to replace your damaged or destroyed building at today’s prices, subject to the limits on your policy. Your business personal property will also be insured on a replacement cost basis. 

Choose what types of loss will be covered:

1. Basic covers fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicle, riot or civil commotion, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action. 
2. Broad covers the 11 causes of loss covered under basic (listed above), plus falling objects, weight of snow, ice or sleet, water damage, and collapse. 
3. Special - Our most comprehensive coverage for your business. In addition to the basic and broad coverages listed above, this policy provides broader coverage including theft.

The commercial package policy provides general liability coverage if you’re legally responsible for bodily injury, property damage or libel and slander.  Your liability includes: 

• Protection for products and completed operations and host liquor liability, and damage to premises rented to you
• Limited worldwide coverage
• Medical payments of up to $5,000 or $10,000 per person for payment of medical and similar expenses, regardless of liability

Coverage amounts

You can select from these coverage amounts and are limited to two occurrences per year. 

• $500,000 
• $1 million 

Buildings and business personal property

You can also purchase these additional coverages for your buildings and business personal property:

• Earthquake
• Ordinance or law
• Business income
• Inflation guard
• Peak season
• Spoilage coverage
• Water back-up and sump pump overflow
• Mine subsidence

Liability

You can enhance your liability protection with these extra coverages, available at an additional cost.  

• Contractors care, custody or control
• Employers stop gap (only available in ND and WA)
• Hired and non-owned auto liability
• Additional insureds
• Employment related practices liability
  • Access the Employer Resource Center
• Data breach
  • Learn more about data breach coverage

We offer comprehensive coverage, including these optional coverages that might be necessary for your business. 

Business auto coverage is specific to vehicles used for your business, this coverage contains liability, comprehensive and collision coverage, medical payments and more.

Business umbrella coverage provides you with liability protection above and beyond what your commercial policy includes. You can choose limits up to $5 million or more. 

Workers compensation is necessary for most employers. This insurance includes the following coverage for employees in your care if they’re injured on the job: medical expenses, disability income, and death and rehabilitation benefits.

Crime coverage helps protect your business from crime. It provides coverage for things like employee theft, computer and funds transfer fraud, theft of money or securities on or off your business premises, and more.

Mobile and miscellaneous property coverage (also called Inland marine coverage) allows you to increase the limit on coverages like accounts receivable, installation floater, contractor's equipment, signs, tools or computers.

Pro-Tip: Excellent benefits, including retirement plan options, attract high-quality talent