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Commercial Package Policy (CPP)

As a small business owner, you wear many hats.

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Spotlight on: Commercial Package Policies

With limited time and limitless priorities demanding that time, insurance may be the last thing on your mind.

From selecting the right coverage for your operation to finding a price that makes sense for your budget, shopping for insurance for your business can seem like a tall order.

If you’re a small business owner in need of multiple lines of coverage for your operation, a commercial package policy from Higginbotham can simplify your search and streamline your process.

We’ve secured coverage for companies of every imaginable size across a broad spectrum of industries, helping control their cost of coverage with custom policy packages and effective safety and risk management.

Our wide range of industry specialists know your sector and the risks you face through years of serving businesses just like yours.

If you need commercial coverage, Higginbotham can get you covered. Our tailored commercial package policies are designed with you in mind.

Why work with Higginbotham? Because we care.

Employee owned and customer inspired, we make caring for your business our business.

That’s why we take the time to get to know you by name, need and nuance. Our approach to finding solutions comes with humanity—and without compromise. And that’s why we stand by your side after coverage is placed to help you get the most out of your policy.

By using our independence to commit to transparency and demonstrate authenticity, we’re a company that leads with values so value leads.

Find out more about our values-driven approach to doing business here.

To learn more about how our values-based approach creates value for you and your business, click here.

Or visit our Insights page to learn more about different insurance coverages.

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Need a partner in finding comprehensive insurance? We’re here to help.

Doing the work to make sure you have the most effective insurance plan can be daunting. Not with us on your side. With our nationwide network of insurance carriers, we’ll find you what you need.

Schedule a call with our business insurance team today to find out what Higginbotham can do for you.

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I recently purchased yet another policy through my long-time friend at Higginbotham. They are simply the best!

Kelly C
Investor, Real Estate Industry

Commercial Package Policy Essentials

If you’re a business owner looking to simplify your insurance administration and lower your premium cost, a commercial package policy (CPP) is a great option to explore.

Essentially a coverage bundle designed to protect your business against a range of risks that threaten your operation, a commercial package policy typically starts with general liability and commercial property insurance as a foundation.

From there, you may have the flexibility to add specialty coverage options tailored to your unique risk exposure, such as contractors equipment or inland marine.

Some industries that commonly carry a CPP include:

Offices

Restaurants

Wholesalers

Light Manufacturing

Consumer Services

Educational Institutions

Religious Organizations

Technology Consulting Firms

What coverages do I need to include in my commercial package policy?

At Higginbotham, our consultative approach to designing insurance for entrepreneurs and small businesses helps make sure you’re covered at the most competitive price possible.

Commercial package policies can be highly customized to fit a modern small or medium-sized business’s unique needs. While the average commercial package policy includes standard general liability and commercial property coverages, many also include commercial auto coverages. Businesses that need protection for goods that are mobile should consider including inland marine coverage in their CPP. Depending on your unique situation, several other coverages should also be considered.

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Commercial General Liability

General liability coverage can help protect a small business from financial loss resulting from claims of bodily injury, property damage, personal injury and advertising injury to others caused by a business or its employees.

Employment Practices Liability Insurance (EPLI)

If you have employees, EPLI coverage can be beneficial. This coverage can help with costs related to negligent or improper hiring and termination, along with sexual harassment, discrimination and other employment-related liabilities.

Electronic Data Processing Coverage

Electronic data processing coverage can help with the cost of lost, stolen or damaged data stored on hardware or software used by a financial institution. 

Business Crime Insurance

Business crime insurance can help protect your business against the costs of theft, burglary, embezzlement and other business crimes.

Equipment Breakdown Insurance

This coverage can help with the costs of equipment failure. Also known as “boiler and machinery insurance,” equipment breakdown coverage helps your business recover from an unexpected and covered breakdown of heating, cooling, electrical, communication or other equipment.

Business Income Insurance

Business income insurance is another essential coverage for a business owner to consider. This coverage can help cover the loss of income suffered from a covered interruption to your business. 

Commercial Umbrella

This coverage can protect you against covered claims in excess of your standard insurance coverage’s general aggregate limits. 

Professional Liability Insurance (E&O)

Also known as “errors and omissions” (E&O) insurance, this business insurance coverage protects you from legal damages resulting from mistakes and negligence in giving a professional opinion or performing a professional service. E&O is vital for project managers and professionals who offer consulting or professional advice, such as architects or electricians who install security systems.  

Risk Management Services

At Higginbotham, we take a consultative approach to customer service and risk management.

Whether you have a single policy, a commercial package or many insurance policies covering multiple locations and risks, we take the time to understand your unique needs so we deliver the best coverage at the best price available.

But we don’t stop there.

Our work continues 365 days a year. We have a Day Two Services® team that works in tandem with our risk management specialists to deliver year-round value.

From help with compliance to safety audits and claims advocacy, our Day Two Services® team helps you mitigate risks, avoid costly claims and better position your operations so you can focus on what matters most: growing your business.

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Not sure where to start? Talk to someone who wants to listen.

A great plan starts with a conversation. Let’s talk about what you need.

Talk to a Commercial Package Policy Specialist
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