Your small business may require a commercial package policy in Carmel. In a typical business owner’s policy, a wide range of coverage is offered, from property insurance and liability coverage to payroll coverage and specialty coverage for niche companies. However, a small company may not have a payroll expense if it is a sole proprietorship.
For a small business that simply doesn’t have the overhead of a large company, a standard business owner’s policy would be a waste of resources due to the fact that the large amount of coverage would likely result in a large premium, as well. Instead, many insurance companies will allow you to build your own policy by bundling together the separate policies your business needs. In addition to the cost-saving measure of only paying for the coverage you need, you may also receive a discount for bundling multiple policies.
If your small business fits into a particular niche, you may also add the unique coverage your business needs with this type of custom bundled insurance. For example, your courier business may need coverage on your fleet of vehicles, or your food truck might need coverage for mobile property. In these and many other cases, a commercial package policy in Carmel may be just what your small business needs.