Which items are included in a CPP policy?

A Commercial Package Policy (CPP) is structured to provide businesses with the flexibility to combine different types of insurance coverages into a single policy. This is particularly beneficial for businesses that require multiple types of coverage to protect various aspects of their operations.

The correct answer highlights that a CPP includes a declaration page, which outlines the details of the insurance contract, policy conditions that govern the terms of the coverage, and two or more coverage modules. Coverage modules can consist of various types of insurance, such as property, liability, or commercial auto, allowing businesses to tailor their policies to meet their specific risk management needs.

Having the declaration page is essential as it provides critical information such as the insured's name, policy period, and the types of coverage included. The policy conditions detail the responsibilities of both the insurer and the insured, including how claims will be processed and the rights of both parties. Additionally, including multiple coverage modules enables businesses to have comprehensive coverage that addresses their unique risks and needs.

The other options either suggest incomplete components of a CPP or include limitations that are not characteristic of a CPP's structure, such as only featuring the declaration page or multiple endorsements without defined coverage limits. A properly structured CPP is designed to offer a broad spectrum of protection tailored to the diverse