Commercial Multiple Peril Insurance


  • An insurance policy available to businesses that offers coverage for losses due to two or more named perils. For example, a commercial multiple peril insurance policy could be used to provide coverage for both fire and business crime. Also known as a "commercial package policy."

commercial insurance, multiple peril coverage

Related Terms and Acronyms

  • Business Crime Insurance Definition,
    • Insurance that covers losses due to criminal acts perpetrated by customers or employees.
  • Commercial Blanket Bond Definition,
    • Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
  • Commercial Lines Definition,
    • A broad term referring to insurance policies for professionals, businesses, and other commercial establishments.
  • Multiline Insurance Policy Definition,
    • A combination of different insurance policies that are rolled into a single insurance policy.
  • Peril Definition,
    • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.
  • Umbrella Insurance Definition,
    • Insurance used to cover different types of property in a single policy.
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