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
Product or service that does more harm than good to society, or endangers life or health. Society would probably be better off without such a product or service. ...
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Circumstance that produces the loss. ...
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