What type of policy includes liability, property, and other related coverages for businesses?

A commercial package policy is designed specifically for businesses to provide customized coverage that can include a combination of liability, property, and additional related coverages. This policy type allows businesses to tailor their insurance needs based on specific risks and requirements, offering a bundled solution rather than requiring separate policies for each type of coverage.

This flexibility is particularly advantageous for businesses that face multiple risks, as it allows them to manage their insurance in a more streamlined manner. A commercial package policy typically encompasses various coverage forms, such as general liability, property coverage, and possibly additional endorsements for specific exposures relevant to the business, ensuring comprehensive protection tailored to the unique characteristics of the business.