What is Commercial Package Insurance?
Commercial package insurance protects the buildings, fixtures, stock and electronic equipment of small and medium-sized businesses against fire, natural catastrophes, burglary and glass breakage, and can also include public and employer's liability cover.
Managing several separate policies can be inefficient for SMEs in time and cost. A commercial package policy brings together the essential covers a business needs, simplifying administration and offering a more favourable premium.
Package contents are shaped by the business activity, so suitable covers and limits are set for different premises such as offices, shops, restaurants, clinics or workshops.
What is covered?
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Fire, lightning, explosion
Damage to the building, fixtures, decoration and stock.
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Natural catastrophes
Earthquake, flood, inundation, storm and snow load.
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Burglary
Theft of fixtures and stock following forcible entry, and damage caused during the burglary.
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Glass breakage
Breakage of shop windows, facades and interior glass.
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Electronic equipment
Damage to computers, POS terminals, cameras and similar devices.
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Liability
Damage caused to third parties at the premises and employer's liability towards employees.
Optional extensions
- Loss of rent and business interruption
- Money in safe and in transit
- Signage
- Stock deterioration (for cold storage)
- Legal protection
Who is it for?
- Offices and bureaus
- Shops and retail businesses
- Restaurants, cafés and hotels
- Clinics, pharmacies and laboratories
- Workshops and small manufacturers
Information needed for a quote
Sharing the following information lets us obtain fast and accurate quotes from several insurers.
- Premises address and business activity
- Values of fixtures, decoration and stock
- Building value (if you own the premises)
- Security measures (alarm, CCTV, shutters)
- Number of employees
Frequently asked questions
What is the difference between commercial package and fire insurance?
Fire insurance is a flexible structure mainly for medium and large facilities. A commercial package policy offers the core needs of SMEs as a pre-designed bundle in a single policy.
I am a tenant. Can I insure my premises?
Yes. Tenants can insure their fixtures, decoration and stock, and can add tenant's liability cover towards the landlord.
Are there conditions for burglary cover?
Burglary cover usually requires forcible entry. Security measures such as alarms, shutters and cameras affect both the cover conditions and the premium.
Scope of cover and limits are determined by the general and special conditions of the issuing insurer.