Which policy offers a simplified, easy-to-read format and includes multiple coverages like General Liability and Commercial Property?

A Commercial Package Policy (CPP) is designed to provide a simplified and comprehensive insurance solution for businesses by allowing multiple coverages to be bundled together. This policy format is particularly beneficial as it offers an easy-to-read structure, making it straightforward for policyholders and adjusters alike to understand the terms and conditions of various coverages included under a single contract.

By combining important coverages such as General Liability and Commercial Property, the CPP facilitates efficient management of insurance needs without requiring separate policies for each type of coverage. This not only enhances clarity but also often results in cost savings for businesses that can take advantage of the bundled nature of the policy.

The other options do not provide the same comprehensive package structure. For instance, a Commercial Lines Policy generally refers to policies individually tailored for specific liabilities but lacks the simplified, combined approach of a CPP. Meanwhile, a Modification Policy usually refers to changes or endorsements made to existing policies rather than a comprehensive coverage plan. Lastly, a Full Coverage Policy is a less defined term that may lead to misconceptions about the extent of coverage provided, without the clarity offered by a CPP.