Farmers of Salem

Commercial Package Policy

A Commercial Package Policy (CPP) is an insurance policy that combines coverage for multiple perils, such as liability and property risk. A commercial package policy allows a business to take a flexible approach to obtain insurance coverage.

Key Components

Lost Income or Extra Expenses: Protects lost income or extra expenses that arise because of a covered loss. Liability Limits available up to 2 million with the option to add coverage for additional insureds.
Third Party Bodily Injuries: Covers personal injury on your property it would be a covered loss under the general liability insurance portion of your commercial package policy, which can help pay for medical expenses or legal costs in the event of a lawsuit.
Third Pary Property Damage: Can help repair or replace damaged customer property. It can also pay legal fees if a customer sues over the damage.
Business Property Damage: Can help pay for repair or replacement of business property if it's stolen or damaged by fire, a burst pipe, vandalism, or certain weather-related events.
Product Liability: If a business manufactures, distributes or sells products, it can be sued for any harm those products cause to people or property. Having product liability coverage in a CPP protects against these types of risk.

Coverage Enhancements

Cyber Liability

This enhancement focuses on the risks that arise from various information technology threats and typically provide two broad types of coverages-legal liability and breach response cost.

Service Line Coverage 1–4 Family Dwellings

This enhancement option provides coverage for damage to underground piping, wiring, valves, or attached devices that connect your home to a public utility service provider or a private system.

Employment Practices Liability (EPL) Coverage

This enhancement offers flexible limit options, full prior acts coverage, third party optional coverage and access to specialized employment attorneys and a loss prevention website to support your management of the EPL exposure. Coverage available on select classes.