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Commercial Insurance Combined Policies

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									Commercial Insurance is a wide genre with many business types, covers and
risks.A commercial insurance combined policy is modular with a basic set
of cover options included. This allows various risks and cover options to
be added to the policy as desired by an individual business in an
incremental fashion or at a later date during the policy term, if
business needs require.The modularity of the underwriting and premium
calculation allows proposers to tailor the covers to fit their individual
trade or business insurance requirements whilst retaining the widest
range of policy options to cover all enterprises requirements, under the
same policy wording.Most commercial and business insurance is packaged in
some way, with a basic blanket level of cover and indemnities to which
further options can be added. However it is possible to buy standalone
commercial insurance cover for public liability and professional
indemnity insurance and also for most types of commercial property
insurance, for example where just buildings cover is needed.At the sales
and marketing level, commercial insurance combined packages are
differentiated and sold by the various trade and business types.This is
because different business types require differing liability and cover
limits, depending upon the particular risks in that business sector. For
example a shop insurance package may place high value on including window
and glass cover in its package, however this wouldn't be much use to a
painter and decorator who is just looking for tradesman's public
liability and tools cover. Similarly the shop owner would not find much
use for a contractors all risk option but requires goods in transit cover
for his deliveries.Good commercial combined packages allow flexibility in
their underwriting to cater for all variations of trade risks and online
services allow you to freely add and remove options to build up a
combination of covers that suits your business risks and pocket.A
combined policy will always contain a liability section as standard. This
provides options to add employers and product liability to the basic
public liability cover.If the business owns or rents commercial property
then buildings and contents cover can be added if required. Certain
combined policies, such as for office insurance will offer office
contents as a separate option. Similarly a shop insurance package will
offer cover for stock held in the premises.Commercial packages aimed at
various trades usually also offer a plethora of add-on options for an
additional premium.Some of the more popular of these covers include
business interruption insurance or loss of profits insurance which covers
a businesses losses whilst being unable to trade due to a claim.
Professional indemnity insurance which covers negligent advice is
available under combined liability policies. Fidelity guarantee insurance
protects a business against fraud or theft of money by an employee. Group
personal accident cover and income protection is often available on
combined policies which cover staff against accident and sickness.

								
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