BARRIE KRAMER
Sharon Labay is by far the best insurance expert with a kindness that goes way beyond the business relationship. I have known her since 2000 and our phone conversations always end with me smiling and glad to have talked with her!
MELISSA LANDRY
I can't say enough about Sharon..she is currently working on my auto insurance to make sure I am not over paying. Her professionalism and quick response it great. Her knowledge on the insurance is vast so I feel very confident in my decision. I am so happy I was referred to Sharon.
DEBORA HILLIER
The folks at Feingold Insurance provided us with a competitive quote and it was tailored for our needs. We very much appreciate their prompt service as well. They return phone calls! That is something that everyone can appreciate for sure.
A more significant benefit is the savings that package policies provide. Insurance providers will usually offer discounts -- and frequently big discounts -- for purchasing several insurance policies together. Depending on how much insurance a business needs, combining policies could lead to savings of hundreds or thousands of dollars.
A CPP is very flexible and can contain many different types of individual policies. It may include common coverages that many businesses need, such as general liability insurance, commercial property insurance, and business interruption insurance, as well as more specialized protections. Some other coverages that a business may be able to get through a CPP include:
While both commercial package policies and business owners policies are package policies that combine individual commercial insurance policies, they differ in a significant way.
Business owners policies generally only provide basic insurance coverages that most businesses need. For example, a business owners policy might only include general liability insurance, commercial property insurance, and business interruption insurance.
Commercial package policies can generally include these foundational coverages, as well as lots more. The ones listed above are just a sampling of the many individual policies that might be part of a commercial package policy.
Because commercial package policies offer more coverage options, they’re usually used by businesses that have greater or more specialized insurance needs. Businesses in Massachusetts that are exposed to particular risks by the nature of their work and those that are too big to qualify as small businesses often get commercial package policies. Some examples of these businesses might include a:
Business owners who want help finding a commercial package policy for their business should contact an independent insurance agent who’s licensed in Massachusetts who specializes in commercial insurance. Such an agent will be able to assist with identifying a business’ coverage needs and finding CPP coverage that meets those needs.
