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. Taxes

    Deducting Disaster: Casualty And Theft Losses

    If you've been a victim, your losses may be deductible. Find out how.
  2. Home & Auto

    Insure Your Future With A Career As An Actuary

    If you've got excellent math skills, they can add up to a lucrative career as an actuary.
  3. Insurance

    Is Insurance Underwriting Right For You?

    If you have excellent analytical skills and an eye for detail, this may be your calling.
  4. Insurance

    Do You Need Casualty Insurance?

    Find out how different types of coverages can protect you and which policy is right for you.
  5. Insurance

    What are some examples of unexpected exclusions in a home insurance policy?

    Learn about commonly excluded perils with different standard insurance policies. Explore events that homeowners should consider when purchasing insurance.
  6. Insurance

    What are the tax implications of a life insurance policy loan?

    Learn the instances in which you are required to pay taxes on a life insurance policy loan, so you can avoid making a costly mistake.
  7. Insurance

    What's the difference between renter's insurance and homeowner's insurance?

    Renters insurance and homeowners insurance offer similar benefits for occupants and homeowners, but in different ways and for different reasons.
  8. The ACA is likely to continue to stir up controversy for some time.
    Insurance

    How the Affordable Care Act Changed Insurance

    6 Ways Obamacare Impacts the Health Insurance Marketplace
  9. Most people should only consider mortgage protection life insurance as a last resort.
    Insurance

    Why You Don’t Need Mortgage Protection Life Insurance

    Mortgage protection life insurance sounds great in concept - a guarantee that your mortgage will be paid off if you die unexpectedly. But take a hard look at what you get before choosing it.
  10. Retirement

    What's the difference between Social Security Disability Insurance (SSDI) and Supplemental Security ...

    Both Social Security Disability Insurance and Supplemental Security Income are administered by the Social Security Administration, but there are distinct differences between the two benefits.

You May Also Like

Hot Definitions
  1. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  2. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  3. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  4. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  5. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
  6. Law Of Supply And Demand

    A theory explaining the interaction between the supply of a resource and the demand for that resource. The law of supply ...
Trading Center