Business Insurance

Package Policies – Property and Liability
COMMERCIAL PACKAGE POLICY (CPP) is not a separate coverage form but rather is a convenient collection of several coverage forms packaged together.

The CPP must include at least two of the following commercial coverage parts: automobile, property, crime, equipment breakdown protection, general liability, farm or inland marine. Insurance companies provide premium discounts in package policies to encourage the insured to combine as many coverages as possible in one policy and in a single company. The discounts vary by the class of business and the line of coverage. The discounts apply only if the CPP has both property and general liability coverages at the same location.

While it is desirable and sensible from the premium standpoint to include every eligible coverage in the CPP, it is not necessary to do so. Some insureds and carriers prefer to write certain lines of business on a monoline basis and keep only certain lines in the package. This customized coverage approach makes the CPP the most flexible of all commercial lines policies.

BUSINESSOWNERS POLICY (BOP) is a “homeowners” approach to packaging insurance for businesses. When an amount of insurance on building and/or contents is selected, it automatically includes a broad range of additional coverages for an indivisible package premium. For eligible risks, the policy provides an alternative to the commercial package policy (CPP). The BOP is designed for small to medium-sized apartment and residential condominium associations, office and office condominium associations, mercantile risks, wholesale operations, small artisan and specialty contractors, small fast-food restaurants or those with limited cooking arrangements, convenience stores with gasoline pumps, laundry and dry-cleaning operations. It is also available to a select number of service or processing operations.

contact us

Anchor Agency, Inc.
Pioneer Plaza
652 Albany Shaker Road
Albany, NY 12211

Phone - 518.730.3200
Fax - 518.730.3199
Email -
The Hartford