What type of insurance is most similar to a Commercial Package Policy (CPP) and tailored for small business owners?

A Businessowners Policy (BOP) is most similar to a Commercial Package Policy (CPP) and is specifically designed for small business owners. A BOP provides a combination of property and liability coverage in a single policy, which is beneficial for small businesses that need both types of protection but may not have the budget or need for the more extensive coverage offered by a CPP.

The BOP typically includes essential coverages such as commercial property insurance, business interruption insurance, and liability coverage, thus streamlining the insurance purchasing process for small business owners. By bundling these coverages, a BOP often offers a more cost-effective solution, addressing the unique needs of smaller enterprises while maintaining the comprehensive nature that is characteristic of a CPP.

In comparison, other options do not meet the same criteria. Inland Marine focuses primarily on the transportation of goods and specific types of property, while Personal Floaters apply to personal property and do not cover business risks. Commercial Property Floaters can be tailored to cover specific types of property but do not provide the broad coverage breadth contained within a BOP. Therefore, a BOP is the most relevant and suitable choice for small business owners seeking insurance similar to a CPP.