Commercial Multiple Peril Policy

AAA

DEFINITION of 'Commercial Multiple Peril Policy'

A commercial insurance policy that offers at least two forms of coverage. Commercial multiple peril policies can cover a variety of losses incurred from numerous causes. Some of the types of coverage offered include business crime, business automobile, boiler and machinery, marine and farm.

INVESTOPEDIA EXPLAINS 'Commercial Multiple Peril Policy'

Commercial multiple peril policies are also known as "commercial package policies." These policies are sold by property and casualty insurers to businesses of various types. Many farmers and ranchers also purchase these policies for multiple forms of protection against incidents such as farm fires.

RELATED TERMS
  1. World Insurance

    A commercial liability policy with extended global coverage. ...
  2. Valuable Papers Insurance

    A special type of property-casualty insurance. Valuable papers ...
  3. Demolition Insurance

    Insurance that is used to cover the costs of demolishing a building ...
  4. Uninsurable Peril

    Events or situations that insurance coverage is not available ...
  5. Commercial Property Insurance

    Insurance that is used to cover any type of commercial property. ...
  6. Commercial Forgery Policy

    A specific type of banking liability insurance coverage. A commercial ...
Related Articles
  1. Deducting Disaster: Casualty And Theft ...
    Taxes

    Deducting Disaster: Casualty And Theft ...

  2. Insure Your Future With A Career As ...
    Home & Auto

    Insure Your Future With A Career As ...

  3. Is Insurance Underwriting Right For ...
    Insurance

    Is Insurance Underwriting Right For ...

  4. Do You Need Casualty Insurance?
    Insurance

    Do You Need Casualty Insurance?

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center