Commercial Package Policy
A Commercial Package Policy is a policy that businesses can get that require the following sections: Common Policy Declarations, which are the name of the insured, their mailing address, their policy period, the description of the policy coverage, a list of coverages and their premium amounts, and the types of forms necessary for the policy; Common Policy Conditions; as well as 2 or more of either of these policies, property, general liability, crime, auto, inland marine, farm, employment practices liability, professional liability, or boiler and machinery.
Provided by: Mometrix Test Preparation
Last updated: 12/15/2017
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