Businesses typically need general liability and property insurance, so many business owners choose to participate when presented with a business plan (BOP). It’s simple and offers bundled discounts, but it doesn’t leave much wiggle room.
As a “no substitutions” lunch special, you take what you get and find yourself dressing up the bland parts with a side dish (which raises the bill). Suddenly, your lunch special isn’t such a deal. The same applies to a BOP. Insuring business risk exposure can be tricky – and expensive – especially when your risk exposure doesn’t fit the box.
If your risk liability spreads beyond the usual limits, you may be better off opting for a Commercial Package Policy (CPP) for better insurance coverage, customization and overall savings.
Click here to learn more about the benefits of a commercial package policy versus a business owner policy.