Commercial Package Policy (CPP)
A type of business insurance policy that allows a business to customize its coverage by selecting different modules to meet its specific needs
Detailed Explanation
CPPs offer flexibility for businesses with more complex insurance needs than a standard BOP. It typically includes commercial property and commercial general liability and can add other coverages.
Practical Example
A manufacturing company purchases a CPP that includes commercial property coverage for their factory, commercial general liability for potential lawsuits, and commercial auto coverage for their company vehicles.
Frequently Asked Questions
Related Terms
Need Insurance Coverage?
Request quotes from top insurance providers and find the best coverage for your needs.
Get Free Quotes