Commercial Multiple Peril
Definition of "Commercial multiple peril"
Same as term Commercial Package Policy (CPP): insurance policy that is commercial lines in orientation and is composed of two or more of the following coverages: commercial property, business crime, business automobile, boiler and machinery, commercial general liability (CGL), inland marine insurance, and farmowners and ranchowners insurance.
Popular Insurance Terms
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Professional designation conferred by the American College. In addition to professional business experience in insurance planning and related areas, recipients must pass national ...
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Plan for excess layer (s) of insurance coverage over the primary coverage, for example, if a corporation buys $8 million as excess above a $2 million self insurance retention level. Excess ...
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