Glossary
Commercial package policy
A policy made of two or more commercial coverage parts, such as property and general liability, sharing one set of declarations and common conditions.
Also called: CPP, commercial package, package policy, commercial lines package
In the ISO commercial lines program, a commercial package policy (CPP) is a policy built from two or more coverage parts: commercial property, commercial general liability, commercial auto, crime, inland marine, equipment breakdown and others. Each part brings its own declarations and forms, such as CP 00 10 for building and personal property or CG 00 01 for liability. The package adds the pieces that apply to all of them: the common policy declarations (IL P 001) and the Common Policy Conditions (IL 00 17), which govern cancellation, changes, audits and inspections, and transfer of your rights.
A single coverage part written alone is a monoline policy. Put two or more together and you have a package, which many insurers price with a package credit.
The contrast with a business owner's policy is flexibility. A BOP is a pre-bundled product for small, lower-hazard accounts. A package lets each part carry its own limits, deductibles and endorsements, which suits a contractor, manufacturer or building owner whose exposures do not fit BOP eligibility rules.
Check the forms and endorsements schedule on the declarations: each coverage part is only as broad as the forms listed for it. Commercial package policies: when a BOP is too small covers when to move up from a BOP, and commercial multiple peril explains how insurers report this business.
Last reviewed October 10, 2026