Yes, a business can hold multiple commercial insurance policies or even overlapping coverage across different carriers, though you cannot collect more than the total financial loss incurred during a claim due to "other insurance" clauses and legal indemnity principles. Having multiple policies often occurs naturally when a company purchases a Business Owner's Policy while simultaneously maintaining specialized standalone policies (such as cyber liability or Directors and Officers insurance). If a covered loss happens, the insurers typically coordinate to share the payout proportions.
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