Commercial Package Policy for Myrtle Beach Businesses

What Is a Commercial Package Policy?

A commercial package policy—often called a CPP—combines multiple business insurance coverages into a single, customizable policy. Unlike a business owner's policy with its standardized coverage structure, a commercial package policy lets you select exactly which coverages to include, set individual limits for each, and tailor endorsements to your specific operations.

For Myrtle Beach businesses that have outgrown basic insurance packages or have complex operations, a commercial package policy provides the flexibility to build coverage that actually matches your risk profile. You get the administrative convenience of one policy with the customization of individually selected coverages.

Why Myrtle Beach Businesses Choose a Commercial Package Policy

As businesses grow and operations become more complex, standardized insurance products often fall short. A commercial package policy addresses these challenges:

• Higher coverage limits. Business owner's policies cap coverage at levels that work for small operations. A commercial package policy accommodates businesses with larger property values, higher revenue, and greater liability exposure.


• Multiple locations. If your business operates from several sites across the Grand Strand—a warehouse in Conway, retail locations in Myrtle Beach, and offices in North Myrtle Beach—a commercial package policy consolidates everything under one policy.


• Specialized operations. Manufacturers, contractors with large equipment fleets, and businesses with unusual exposures need coverage options that standardized packages don't offer. A CPP includes these specialized forms.


• Custom deductibles and limits. Set different deductibles for property versus liability claims, or carry higher limits on specific coverage parts where your exposure is greatest.


• Room to grow. As your business expands, a commercial package policy adapts. Add coverage parts, increase limits, or include new endorsements without switching to a different policy structure.

What Does a Commercial Package Policy Cover?

A commercial package policy serves as a framework for combining multiple coverage parts. You select which components to include based on your business needs:

Commercial Property Coverage

Protects your buildings, equipment, inventory, and business personal property against fire, wind, theft, vandalism, and other covered perils. Within a commercial package policy, you can insure multiple buildings at different locations, set separate limits for each property, and choose between basic, broad, or special coverage forms depending on how comprehensive you need protection to be.

General Liability Coverage

Defends your business against third-party claims for bodily injury, property damage, and personal or advertising injury. A commercial package policy allows higher liability limits than typical BOPs—$1 million, $2 million, or higher per occurrence—with aggregate limits that match your exposure.

Commercial Auto Coverage

Insures vehicles owned, leased, or used by your business. Including commercial auto in your commercial package policy keeps all your coverage with one carrier, simplifying administration and potentially reducing costs. Fleet coverage for multiple vehicles integrates seamlessly.

Inland Marine Coverage

Protects equipment, tools, and property that moves between locations or is used off-premises. Contractors with tools traveling to job sites, businesses with equipment at customer locations, and companies with valuable property in transit benefit from inland marine coverage within their commercial package policy.

Crime Coverage

Covers losses from employee theft, forgery, robbery, and other criminal acts. South Carolina businesses handling cash, managing client funds, or employing workers with access to valuable inventory often include crime coverage in their CPP.

Equipment Breakdown Coverage

Pays for mechanical and electrical equipment failures—boiler explosions, HVAC breakdowns, electrical panel failures, and computer equipment malfunctions. This coverage responds to internal equipment failures that property insurance excludes.

Business Income and Extra Expense

Replaces lost income and covers additional expenses when covered property damage forces your business to close temporarily. Within a commercial package policy, you can customize waiting periods, coverage duration, and limits to match your financial exposure.

Commercial Package Policy vs. Business Owner's Policy

Both options bundle coverages, but they serve different business needs:

Business owner's policies offer pre-packaged coverage designed for small businesses. Coverage forms, limits, and options are standardized. This keeps costs low and simplifies purchasing, but limits flexibility. Most BOPs cap eligibility based on revenue, square footage, and business type.

Commercial package policies provide complete customization. You choose which coverage forms to include, select limits individually for each coverage part, and add specialized endorsements as needed. This flexibility makes commercial package policies appropriate for larger businesses, multi-location operations, and companies with complex risk profiles.

The right choice depends on your business. A Conway retail shop with $500,000 in annual revenue fits well in a BOP. A manufacturing operation with multiple buildings, heavy equipment, and 50 employees likely needs a commercial package policy.

Who Should Consider a Commercial Package Policy?

Commercial package policies work best for businesses that have outgrown standardized products or have needs that basic packages can't address:

• Mid-sized and larger businesses. Companies with annual revenue above $3-5 million, multiple employees, or substantial property values often exceed BOP eligibility limits.


• Multi-location operations. Businesses with separate facilities—offices, warehouses, retail locations, storage yards—benefit from consolidated coverage under one commercial package policy.


• Manufacturers and processors. Production operations with specialized equipment, raw materials, finished goods inventory, and product liability exposure need coverage flexibility that BOPs don't provide.


• Contractors with significant assets. General contractors, specialty contractors, and construction companies with equipment, vehicles, and tools spread across multiple job sites need commercial package policies to address their diverse exposures.


• Businesses with unusual risks. Operations that don't fit neatly into standard insurance categories—unique product lines, specialized services, or uncommon business models—require the customization a CPP provides.

Customizing Your Commercial Package Policy

The value of a commercial package policy lies in its flexibility. Common customizations include:

Coverage form selection. Choose basic named-peril coverage for lower premiums or special form (all-risk) coverage for broader protection on your property.

Blanket coverage. Instead of scheduling each building or piece of equipment with individual limits, blanket coverage provides a single limit that applies across all covered property—useful for businesses with fluctuating inventory or equipment at multiple locations.

Agreed value endorsements. Eliminate coinsurance penalties by establishing agreed property values upfront with your carrier.

Professional liability. Add errors and omissions coverage for service businesses, or directors and officers coverage for companies with board governance.

Cyber liability. Include data breach response, cyber extortion, and network security coverage as your business's digital exposure grows.

Employment practices liability. Protect against claims of discrimination, wrongful termination, harassment, and other employment-related allegations.

How Much Does a Commercial Package Policy Cost in South Carolina?

Commercial package policy premiums vary significantly based on what coverages you include and your specific business characteristics:

• Property values. The total insured value of buildings, equipment, and inventory directly affects your property coverage premium.


• Revenue and operations. Liability premiums typically base on revenue, payroll, or square footage depending on your business type.


• Industry classification. A professional services firm pays different rates than a manufacturer or contractor.


• Claims history. Past losses affect renewal pricing across all coverage parts.


• Coverage limits and deductibles. Higher limits and lower deductibles increase premiums; adjusting these affects your total cost.

A mid-sized Myrtle Beach business might pay $10,000 to $50,000 annually for a comprehensive commercial package policy, though costs vary widely based on these factors. Getting quotes based on your specific operations is the only way to determine actual pricing.

Why Work with Moore & Associates for Your Commercial Package Policy

Moore & Associates has served Myrtle Beach businesses since 1979. As an independent insurance agency, we work with multiple carriers that offer commercial package policies in South Carolina. This gives us flexibility to structure coverage that matches your operations—not just fit you into whatever one carrier offers.

Our local agents understand the commercial insurance needs of Grand Strand businesses. We help companies from Surfside Beach to Georgetown evaluate their exposures, select appropriate coverages, and build commercial package policies that protect their operations without unnecessary coverage gaps or overlaps.

Get a Commercial Package Policy Quote in Myrtle Beach, South Carolina

Our commercial package policy agents serve Myrtle Beach, South Carolina and surrounding areas including North Myrtle Beach, Atlantic Beach, Conway, Surfside Beach, Murrells Inlet, Litchfield, Pawleys Island, and Georgetown. Contact Moore & Associates today for a free quote.