Question

Which of the following is not available under the commercial package policy?

1) ocean marine
2) crime
3) boiler and machinery
4) inland marine

Answer 1

Ocean marine insurance is not usually included under a commercial package policy (CPP), which generally covers property, liability, crime, and inland marine, among others.

Step-by-step explanation:

The commercial package policy (CPP) is designed to provide a range of coverages for businesses, combining several lines of insurance into a single policy. Typically, it may include various combinations of property, liability, crime, and inland marine among others. However, traditionally, ocean marine insurance is not included under a standard CPP. This specialized form of insurance is usually purchased separately due to the specific and complex risks associated with marine activities, which are different from those typically covered by standard commercial policies.