It can be. Many small businesses are now insured under package policies that cover the major property and liability exposures as well as loss of income. A common package policy used by many small businesses is called the Business Owners Policy (BOP).
Generally, these BOP policies provide the small business owner more complete coverage at a lower price than separate policies for each type of insurance needed. Your agent can help you decide which policy or policies are right for your business. However, these BOP policies do not fit every business, and many times, do not cover exposures known to certain professions. In these cases, a more comprehensive Commercial Package Policy would be necessary. This allows your broker to tailor coverages that are right for you.
Because businesses vary, it is impossible to have a standard policy to cover all contingencies. Also, some businesses, regardless of their size, do not fit the profile of a standard business owner’s policy. Your insurance agent can advise you of the best policy (or policies) to protect you and your business.