What is CPP insurance?

Generally speaking, a commercial package policy (CPP) is an insurance policy that provides coverage for several different dangers, such as liability and property risk. A commercial package policy enables a company to adopt a more flexible approach to obtaining insurance coverage than would otherwise be possible. It is possible that by using CPP, the firm will be able to pay out a smaller amount of premiums than if it had acquired separate insurance for each risk separately.
Small and mid-sized enterprises are often covered by commercial package plans offered by insurance providers. These enterprises may have lower liability insurance requirements because they do not manage huge facilities or only need supplemental insurance coverage for minor risks. Examples include a light manufacturing firm or car wash operation, which are less likely to need the same type of protection as a real estate developer.