Businesses have option of buying different types of risk coverage under a combination of one package. Buying different coverage under one package reduces the potential for coverage gaps and simplifies administrative procedure, because the different coverages are provided in one policy by same insurer. The advantages created by purchasing a combination of package include policy issuance is simplified, language redundancy is reduced, minimization of gap on risk coverage and the business is likely to secure premium discount on coverage.

Commercial package policy just like the other policies is governed by conditions. The first insured has the right to cancel the policy by issuing a written notice to the insurer; the condition is governed under notice of cancellation or nonrenewable. It is responsibility of insured to pay premiums to avoid cancellation of the policy with the given grace period. Premium basis condition places the responsibility of the paying premiums on insured and gives the insured the right of refund on premiums. The insured cannot change the policy without the consent of the insurer or transfer rights and duties to another party without written consent from insurer, the settings are governed by changes condition and transfer of rights and duties condition respectively.

In order to mitigate loss occurrence, insurance are give right to examine the books and records of a business and perform audit to determine the fair premium on business or to discover information in relation to claim and coverage during the policy period or up to three years after termination of policy. The insurer is also empowered to perform inspections and surveys at place of business to inspect risk and make recommendations for improving safety and loss control. The inspection and surveys are not an obligation and they are not considered safety inspections and insurer will not conditions safety to comply with law and regulations.

Commercial property policies include two sections, this are a coverage form and cause of loss form. Coverage form defines the property covered and specifies the valuation of the property such as replacement value or cash value. The loss form defines the perils included and those exclude by the policy. A policy can have more than one coverage form and loss form. There are different commercial property coverage forms that can be issued as a one package or issued separately as a mono-line policy. The issuance of form is determined by the type coverage requested and serves unique risk exposure of different businesses.

Conditions segment of commercial property establishes general provision and rules governing the policy. It is the obligation of the parties mentioned in the contract, that is the insurer and insured to adhere to the conditions to sustain the enforcement of the policy. The insured need to be well conversant with provision to ensures the conditions are not contradicted during application of the policy and during the course of business continuation.

Every business should asses the risk and determines the insurance gaps which ought to be covered through commercial inland marine policy. Through assessment, the best coverage can be requested.