A commercial package policy (CPP) is one policy, not a bundle of separate policies. The minimum: Common Policy Declarations, Common Policy Conditions and two or more coverage parts. Two stand-alone policies from the same insurer, each with its own declarations, policy number and dates, are two monoline policies, even if they share an invoice.

Advantages to the insured: - One policy period for all coverage parts, so there is one renewal date to manage and less chance of a gap between lines. - Insureds often receive a package premium credit. - One set of common forms and one insurer to deal with. A package does not promise renewal, and it does not remove the exclusions in each coverage part.

Monoline: any ISO coverage part can be issued by itself as a monoline policy. A consulting firm that needs only general liability gets the same general liability coverage part it would have in a package, and the Common Policy Conditions still apply. With only one coverage part, it simply is not a package.