What is a Commercial Package Policy?
Businesses in Vermont face many and varied risks. A microbrewery in Killington, VT, bakery in Montpelier, VT and contractor in Barre, VT are each exposed to risks that are unique to their business and industry. Through a commercial package policy, a Vermont business can get a tailored insurance solution that includes policies specific to its needs.
A commercial package policy is a customizable business insurance solution. A package policy contains two or more policies within it. In most cases, the policies contained in a package policy could be purchased individually. Getting them through a package policy, however, is often more convenient and can help businesses reduce their premiums.
What Kinds of Vermont Businesses Can Benefit from a Commercial Package Policy?
While any business in Vermont may want the protections that a package policy can provide, these package policies are especially well-suited for businesses that face unique industry-specific insurance risks and those that have grown beyond the size of a small business. Since commercial package policies offer more specialized and customizable coverages that business owners policies, they’re better able to meet the needs of these businesses.