A commercial package policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured’s business. In a CPP, the business owner may select from all of the following except
Workers compensation coverage
a. Property coverage
b. Liability coverage
c. Life insurance coverage
d. Business interruption coverage
The correct answer is c. Life insurance coverage. A CPP can include property coverage, liability coverage, and business interruption coverage. However, it typically does not include life insurance coverage. Life insurance is not considered a traditional commercial insurance policy, but rather a separate type of coverage that a business may choose to purchase for its key employees.
More Answers:
Understanding Perils in Insurance: Types, Coverage, and ExclusionsA Beginner’s Guide to Life Insurance: Understanding the Options and Making Informed Decisions
Understanding DP-2 Policies: Coverage for Non-Occupied Properties and Limitations on Snow Damage to Awnings
Error 403 The request cannot be completed because you have exceeded your quota. : quotaExceeded