cpp insurance in Trenton New Jersey

Bundling CPP Insurance in Trenton New Jersey

There’s no doubt that having the right insurance coverage can help safeguard your business from many of the common risks that exist. For many small businesses, without the added concern over specialized risks, a Business Owners Policy, commonly referred to as a BOP, may offer the basic property and liability coverage needed.

But if your company is growing in size and complexity, or you face specialized risks due to the nature of your business, then you may want to consider purchasing a commercial package policy, or cpp insurance in trenton new jersey, for short.

 

A CPP offers additional protection

The type of protection offered through a BOP includes the property you own, lease or rent. This includes everything from the signage on your storefront to any computer equipment you own and your entire inventory. So if a fire destroys your shop, or your equipment breaks down due to a power surge, this insurance can help replace your property and cover payroll and lost income if your business is deemed unable to operate.

The general liability portion covers costs related to litigation and court judgments in the event a customer or other third party files suit against you or one of your employees. For example, if a clients car is damaged in your parking lot or a visitor slips and falls in your office, this coverage can help protect your businesses finances and reputation. You can also add additional coverage’s such as data theft and cyber coverage to help your business recover if systems and/or customer information are exposed.

Like a BOP, cpp insurance in Trenton New Jersey enables you to bundle various types of coverage within a single policy. However, while a BOP has limitations because its only available for certain types of smaller businesses and covers only a few types of risk, a commercial package policy is available for a wide range of businesses, and can be better customized to the specific needs of your business.

In addition, you can add a range of coverage’s to your CPP, including auto or fleet, inland marine, EPLI, equipment breakdown, or umbrella coverage in the event you experience costs outside of the range of your current policies. So it really makes sense to invest in cpp insurance in Trenton New Jersey to keep your company running smoothly since any adverse situations coming to the forefront could threaten your business.