Assignment - Examining CPPs
Commercial Property
Explore the following WebPages to learn more about Commercial Package Policies (CPPs) and answer the following questions. You may need to locate additional websites to answer these questions.
• https://www.fmic.com/commercial_insurance_michigan.html
• https://www.mainemutual.com/commerci2.htm
• https://www.gmrc.com/products/BrocureCPP.asp
1. What types/classes of businesses are eligible for CPPs?
2. What kinds of property coverage are typically included in a CPP?
3. Are there any insurance forms that are typically not covered by CPPs?
4. What kinds of business insurance policies and forms should a small company consider? Mid-size companies? Large companies?