Renters insurance is a necessity for businesses that lease commercial space because it protects their assets and operations.
There are two primary types of business insurance policies: a commercial package policy (CPP) and a business owner’s policy.
(BOP), according to an email from Bernie Deuster, senior vice president of sales at WaFd Insurance Group.
Business income insurance, general liability insurance, and commercial property insurance are all covered by a BOP for the same company. Most of the time, this type of bundled insurance is ideal for typical small to medium-sized businesses.
A CPP is better suited to a company’s particular requirements and risks. It typically works best for unique small to medium-sized businesses or larger businesses.
