If one of the seven coverage parts of commercial insurance is written alone, what is it called?

When one of the seven coverage parts of commercial insurance is written alone, it is referred to as a monoline policy. This type of policy provides a specific type of coverage, such as property, general liability, or workers' compensation, without bundling it with other types of coverages. Monoline policies enable businesses to purchase only the coverage they need for a particular risk, making it easier to tailor insurance solutions to specific circumstances.

In contrast, a package policy combines multiple coverage parts into a single policy, which can streamline the purchasing process and potentially offer cost savings. Understanding these distinctions is important in the context of how businesses manage risks and outline their insurance needs per the specific exposures they face.