What is the definition of Commercial Multiple Peril Policy?

Commercial Multiple Peril Policy provides protection for a wide range of risks that a commercial establishment or business may face. It is an insurance package that usually includes boiler and machinery, crime, property and general liability.

The Commercial Multiple Peril Policy aims to protect the business not just from loss but also from any liability. Some of the coverages that may be included in the package will be All Risk Property, Standard Multiple Peril and Business Owners Protection.

Thus, the business owner is covered for losses to physical assets because of accident, negligence or malfunction. The business is also covered for actions of the employees or the owners themselves that result in lawsuits or claims from an injured party.

• Reinstatement
• Registered Principal
• Liquor Liability
• Businessowners Policy (BOP)
• Directors and Officers Liability Insurance