A broad commercial policy that covers all liability exposures of a business that are not specifically excluded. Coverage includes product liability, completed operations, premises and operations, and independent contractors.
Commercial Package Policy/Businessowners:
A policy that combines property liability and business interruption coverages for small- to medium-sized businesses. Coverage is generally cheaper than if purchased through seperate insurance policies.
Insurance which indemnifies a person with an interest in physical property for its loss or the loss of its income-producing ability.