What type of coverage is typically provided under a Commercial Package Policy (CPP)?

A Commercial Package Policy (CPP) is designed to offer a flexible combination of multiple types of insurance coverage under one policy. This allows businesses to tailor their insurance needs according to their specific requirements. The CPP typically includes various coverages such as property coverage, general liability, business interruption, and even workers’ compensation, among others.

The inclusion of multiple coverage options makes the CPP a comprehensive solution for businesses, as clients can select the features pertinent to their operations and risks. This customization is particularly advantageous for businesses that face diverse risks, enabling them to insure different aspects of their operations without needing to purchase separate policies for each type of coverage.

In contrast, options that focus on only property coverage, just liability coverage, or single coverage for professional liability fail to reflect the multifaceted nature of the CPP. These alternatives would limit the protection available to businesses, which is why they are not the correct answers. The strength of a Commercial Package Policy lies in its capability to consolidate various coverages into one unified policy that addresses a broad spectrum of risks.