Commercial Package Insurance Definition. Commercial lines insurance is a subset of property and casualty insurance. There are various kinds of insurance policies available in the market to help different businesses get financial coverage for various business risks.
It offers businesses flexibility in choosing the coverage they want, and the premiums may also be lower than if they purchased each type of policy separately. It also covers vehicle theft and certain types of damage. This policy allows a wider range of coverages and limits, allowing a business additional flexibility in tailoring their coverage to its specific needs.
