Definitions for "Commercial Package Policy"
Keywords:  cpp, boiler, inland, machinery, crime
Policy package for businesses developed by ISO. Coverage includes two or more of the following: Boiler and Machinery, Commercial Auto, Commercial Crime, Commercial General Liability, Commercial Property, Commercial Inland Marine, Farm.
A package policy designed for commercial insureds that can provide in one policy, several lines of insurance business as needed by that commercial venture. Lines of business which may be included in the CPP are property/glass, general liability, inland marine, crime, boiler and machinery insurance, and commercial automobile.
is a policy containing coverages from various lines of insurance (e.g. Boiler & Machinery, General Liability, etc.). Each line of insurance is written as a coverage part of the Commercial Package Policy. Employee dishonesty, for instance, is included in the "part" dealing with crime coverage and generally written at nominal limits.