Package Policy: Is The ALIGNED Term Of The Day

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What is a Package Policy?

A package policy is a combination policy providing several different type of insurance products.  An insurance package policy usually refers to a policy providing both general liability insurance and property insurance. Premium discounts are usually applied to a package policy to reflect cost efficiencies. A package policy is effectively a bundling approach that does offer multiple products that are commonly needed or purchased together.

Some examples of  insurance products that are sold as a package policy are:

Commercial Property + Commercial General Liability (CGL)

Commercial Property + Commercial General Liability (CGL) + Crime / Employee Dishonesty Insurance

Professional Liability / Errors & Omissions (E&O) + Commercial General Liability (CGL)

Directors & Officers (D&O) / Board Insurance + Employment Practices Liability Insurance (EPL)

Pollution Liability Insurance + Commercial General Liability (CGL)

Why Create an Insurance Package Policy?

Bundling or creating an insurance package policy is not a new concept, but there is an increasing amount of interest around it as a business strategy as noted by Dawn Milne in the Ivey Business Journal Article, entitled BUNDLING PRODUCTS AND SERVICES: THE NEW SUPER SOLUTION THAT GIVES COMPANIES AN EDGE.   Bundled products or services often have many benefits for the buyer and can be a good business strategy for the seller as well.  However,  It is important to recognize that a package policy is not automatically the best insurance product for every business and options should be examined to ensure the best fit.

To discuss whether or not a package policy insurance product is the right fit for your organization speak to an ALIGNED Insurance Advocate or connect with us at

More About ALIGNED Insurance

ALIGNED specializes in delivering insurance and risk management solutions exclusively to Canadian businesses. Through our 18 points of differentiation and expertise, we deliver unmatched value to our growing portfolio of clients from all industries that range from small to large organizations.

We offer all of the following products:

Management Liability:
Board Insurance / Directors and Officers (D&O) Insurance
Employment Practices Liability (EPL) Insurance
Fiduciary Liability Insurance

Property Insurance- Including Business Interruption & Extra Expense
Machinery Breakdown/Boiler & Machinery Insurance
Course of Construction(COC)
Wrap-up Liability Insurance
Commercial General Liability / CGL Insurance
Pollution Liability Insurance
Commercial Automobile & Fleet Insurance
Umbrella Liability Insurance
Cyber, Hacking & Privacy Liability Insurance
Crime/Fidelity/Employee Theft Insurance
Professional Liability/Errors & Omissions (E&O) Insurance
Kidnap & Ransom Insurance
Representations & Warranty Insurance
Trade Credit

To learn more about our insurance products visit us at

ALIGNED Across Canada   100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

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