What is in a 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 included in a commercial package policy?

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 the three main parts of the commercial package policy?

The commercial package policy (CPP) program was started by the Insurance Services Office (ISO) in 1986. Every policy includes three standard elements: the cover page, common policy conditions, and common declarations (shown in Figure 15.1 "Links between the Holistic Risk Puzzle and Commercial Insurance").

What is not included in 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.