Business Insurance

Joshua Zinder Architecture + Design LLC

 Commercial Package Policy

A Commercial Package Policy, also commonly known as the abbreviation CPP, is designed to provide protection for just about any type of commercial risk. Under a CPP, a business owner may combine different coverages and package them so that they cover the specific risks each business owner is exposed to. This type of policy is completely customizable to fit any exposure.

Below is a partial list of some of the CPP components:

Common Policy Declarations specify the named insured, the locations on the policy, the policy period, along with the coverage and premiums.

Common Policy Conditions identify the rights and obligations between the insurer and the named insured.

Commercial Package Policy Coverages is the area of the policy that can be customized with any combination of protection.  Each “line” of business can be addressed here from Liability to Property to Employment Practices Liability. For example, here are some of the elements:

  • Commercial General Liability
  • Commercial Property Coverage
  • Commercial Auto
  • Equipment Breakdown
  • Professional Liability
  • Inland Marine
  • Commercial Crime Coverage

Each section of a Commercial Package Policy contains its own terms, conditions, and exclusions.  When buying a CPP, it is important to go over all of the details carefully to make sure one carrier is equal to another. This is area where MacLean Agency can be of great service.  Give us a call or click to chat about your particular needs.