CPP UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS COMPLETE STUDY GUIDE

CPP UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS COMPLETE STUDY
GUIDE

●● Purpose of a CPP
Answer: To allow larger or more complex businesses to combine
multiple lines of insurance in one package.


●● Who is a CPP best suited for?
Answer: Larger businesses or businesses with more complex insurance
needs.


●● Business Owner Policy (BOP)
Answer: A simpler package policy designed for smaller businesses with
basic insurance needs.


●● When must a CPP be used instead of a BOP?
Answer: When the business is larger or has more complicated insurance
needs than a BOP can handle.


●● CPP requirement
Answer: At least two coverage parts must be selected.

, ●● Commercial Property coverage
Answer: A CPP coverage part that protects business property.


●● Commercial Inland Marine
Answer: A CPP coverage part that covers certain movable property,
property in transit, or specialized property.


●● Equipment Breakdown Coverage
Answer: A CPP coverage part that covers loss from breakdown of
covered equipment.


●● Farm Coverage
Answer: A CPP coverage part for farm and ranch property and liability
risks.


●● Commercial General Liability
Answer: A CPP casualty coverage part that protects against third-party
bodily injury and property damage claims.


●● Commercial Crime
Answer: A CPP casualty coverage part that covers losses from crimes
such as theft, burglary, or employee dishonesty.