A CPP often insures more than one business, such as an LLC that owns a building and an affiliate that manages it. All of them can be named insureds. The one listed first in the declarations is the first named insured, and it has a special administrative role.

Under the standard Common Policy Conditions, the first named insured: - Is responsible for paying the premiums - Is the payee of any return premium - May request changes to the policy, with the insurer's consent - Is the one who may cancel the policy The other named insureds are still covered. The role is about administration, not about who is insured.

Example: the declarations list Lakeview Properties LLC first and Lakeview Management Inc. second. If Lakeview Management sends a written request to cancel, it has no effect, because only the first named insured may cancel. If a location is deleted, any return premium is paid to Lakeview Properties; how the companies split it is their own arrangement.

Policy pronouns: - "You" and "your" mean the named insured shown in the declarations. - "We," "us" and "our" mean the insurer, the company providing the insurance. Insurance Code §23 describes the insurer as the person who undertakes to indemnify another by insurance. An employee may qualify as an insured, but is not "you" unless named. So a duty placed on "you" falls on the business.