A package of coverage including most property and liability coverage except workers’ compensation, automobile insurance and surely bonds is called:

A multiple-peril policy is a type of insurance contract that bundles various property and liability coverages into a single package. This approach contrasts with monoline policies, which cover only one specific line of risk. The primary advantage of a multiple-peril policy, such as a Commercial Package Policy (CPP), is providing broader, more convenient coverage. However, certain specialized and highly regulated lines of insurance, including workers' compensation, automobile insurance, and surety bonds, are typically excluded from these packages and must be insured under separate, standalone policies due to their unique underwriting and regulatory requirements.

A. Single peril: This type of policy covers losses from only one specific, named cause (e.g., fire), which is the opposite of a comprehensive package.

C. Property lines: This is a broad category or classification of insurance, not a specific type of bundled policy that includes both property and liability.

D. professional property: This is not a standard term in the insurance industry for a package policy; it may be a conflation of "professional liability" and "commercial property."

1. Rejda

G. E.

& McNamara

M. J. (2022). Principles of Risk Management and Insurance (14th ed.). Pearson. In Chapter 25

"Commercial Property Insurance

" the text explains the Commercial Package Policy (CPP)

stating

"The CPP is a multiple-line policy

which means it combines two or more lines of insurance in a single policy... Certain types of insurance

such as workers compensation... and certain professional liability coverages cannot be included in a CPP." (p. 568).

2. Vaughan

E. J.

& Vaughan

T. M. (2014). Fundamentals of Risk and Insurance (11th ed.). John Wiley & Sons. Chapter 21

"The Commercial Package Policy

" describes the CPP as a "multiline or package policy" designed to combine several monoline policies. It notes that coverages like workers' compensation and surety bonds are generally not eligible for inclusion. (pp. 451-452).

3. University of North Texas. (n.d.). RMIN 4400 - Commercial Property Risk Management and Insurance Course Syllabus. In the course description

the curriculum covers the "Commercial Package Policy (CPP)" which integrates multiple lines of coverage

distinguishing it from standalone policies like commercial auto and workers' compensation. This distinction is a fundamental concept in commercial insurance education.