commercial package policy

Definition

Insurance coverage for a commercial organization that covers at least two of the following: Commercial Property, Commercial General Liability, Business Automobile, Business Crime, Boiler and Machinery, Inland Marine, Farm Owners, and Ranch Owners.

Use this term in a sentence

You may want to try and take on a commercial package policy that will have you covered in the futuer.

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As an example, employees that are injured at home cannot claim unemployment, and are to refer to the commercial package policy literature provided by the human resources department.

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In their initial meeting, the companyïs new insurance agent recommended a commercial package policy because it would cover two important areas, their commercial property interests and their business automobile interests.

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