Commercial / Business

If your business involves retail sales, real estate ownership, automobile servicing, or is providing services out of an office building, then a commercial or business policy may be right for you. If your business involves low to moderate risk of loss, then a commercial “multi peril” (CMP) policy could meet your needs for general liability and property insurance.

A CMP policy can be either a business owner’s policy or a commercial package policy. A CMP policy can provide coverage for real estate, business personal property, and loss of income after a covered property loss. Typical covered property perils include fire, vandalism, water damage, theft, equipment failure and other unexpected losses, unless specifically excluded. A CMP policy traditionally also covers general liability losses resulting in bodily injury or property damage to the public as a result of accidents arising out of your business premises, your operations, the products you sell, or your completed work.

A CMP policy is flexible. Limits within the policy can be tailored to meet the specific needs of most businesses. Packages of additional coverages with discounts can be added to take the guess work out of coverage selection. There are, however, some limitations based on the type and size of business ownership experience and loss history.