What is considered commercial package policy

Commercial package policies (CPPs) are insurance policies that combine policies, such as liability and property. These policies are often meant for small- to medium-sized businesses. CCPs can include general liability, property, auto, and crime policies, among others.

What is a commercial package policy?

A commercial package policy (CPP) is exactly what it sounds like—a package of commercial policies. A commercial package policy combines two or more coverages like commercial property and commercial general liability, business crime, equipment breakdown, inland marine, and commercial auto liability.

What are elements of a commercial package policy?

Businesses can include policies such as commercial auto, employment practices liability, and professional liability in their CPP. However, more specialized policies such as key person and directors ɪmp; officers insurance cannot be included.