Commercial Package Policies (CPP) packages together property insurance and general liability into a single policy designed for large businesses. These policies share a common declarations page and policy conditions. Occasionally Farm Coverage is used instead of Building and Personal Property coverages.
CCP packages are often customized to suit specific industries and may include optional coverages, such as:
- Builders Risk coverage
- Business Interruption
- Commercial Inland Marine coverage
- Boiler and Machinery coverage
- Crime coverage
- Commercial Auto coverage
- Terrorism coverage.
It is important to review package policies to ensure there are no gaps and purchase standalone policies to supplement coverage as necessary for your unique business needs.