Final answer:
Commercial package policies and business owner policies provide insurance coverage for businesses.
Step-by-step explanation:
The purpose of commercial package policies and business owner policies is to provide insurance coverage for businesses.
A commercial package policy is a comprehensive insurance policy that combines multiple coverages into a single policy. It offers coverage for property, liability, and other business-specific risks that a business may face. This type of policy is typically tailored to meet the unique needs of a specific business.
On the other hand, a business owner policy (BOP) is a packaged insurance policy designed specifically for smaller businesses. It typically includes property insurance, general liability insurance, and business interruption insurance, which provides coverage for lost income if the business is unable to operate due to a covered event.