A Package Policy is a type of insurance policy that usually includes more than one kind of insurance coverage. The most common Package Personal Insurance Policy combines property coverage, such as for buildings or business contents, with liability coverage or such as premises liability or product liability.
One advantage of packaging coverages is the cost. When a single company can provide coverage for several lines of business, such as property, liability, business income, and so forth, they can offer pricing considerations.
How does a Package Personal Insurance Policy work?
A Businessowners Policy (BOP) is the […]