policy designed to provide property and liability coverage for small business.

A policy providing broad property and liability coverage in a single contract, it is designed for small and medium-sized mercantile, office or apartment risks. Additional endorsements may be required to cover a specific business's risk.

Combination property, liability, and business interruption policy. It is usually written to cover expenses of small and medium size businesses resulting from (1) damage or destruction of business's property or (2) when actions or non-actions of the business's representatives result in bodily injury or property damage to another individual(s).