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Almost all commercial risks are eligible for coverage under the CPP.
The insured can choose a variety of eligible commercial coverages to tailor the package to fit his or her specific business insurance needs.
A complete CPP includes Common Policy Declarations, Common Policy Conditions, and two or more coverage parts.
A CPP can include Ocean Marine and Aviation insurance.
The policy period
The name and mailing address of the insured
Conditions specifying the insured's duties following a loss
The insured's premium for each coverage part purchased
Any named insured.
The insurance company.
The first named insured.
None of the above; once a policy is issued, it can never be cancelled.
At any time
Every six months
Once a year
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