Commercial Package Policy (CPP)

Ever seen American Gigolo? No relevance, really...just came to mind for some reason...

Anyway, the "package" in a commercial package policy refers to the grouping together (the packaging, as it were) of separate insurance policies for businesses. It's standard bundle pricing: get a bunch of stuff cheaper by buying it together rather than purchasing each one separately.

If you own a business, you'll need lots of different kinds of insurance (just ask your broker). You can put these together with a single commercial package policy rather than paying for each coverage separately. This tactic allows you to save money. It also provides more flexibility, allowing you to build the coverage that best fits your situation.