Which type of insurance policy typically includes coverage for liability protection and property coverage?

A Commercial Package Policy (CPP) is designed to provide a comprehensive solution for businesses by allowing them to combine multiple coverages into a single policy. This policy type typically includes both liability protection and property coverage, tailored to the specific needs of a business.

The liability coverage component protects against claims resulting from injuries and damage to others, while the property coverage secures physical assets, such as buildings, equipment, and inventory. This flexibility allows businesses to customize their insurance to fit their unique operations, making the CPP a popular choice for organizations seeking robust insurance solutions.

In contrast, a Monoline Policy typically covers only one type of insurance, which might not include both property and liability. A Professional Liability Policy is specifically geared toward professionals and provides coverage for claims arising from their professional services, excluding general business property coverage. Homeowners Insurance, while it does encompass property and some liability protection for personal residences, does not apply to businesses and is therefore less comprehensive in scope for business needs compared to a CPP.