Expose Special Multi-Peril/ Smp
Special Multi-Peril/ Smp Technical Terms
Special Multi-Peril/ Smp : A business or commercial policy which combines into one contract a number of template forms and endorsements to provide coverages required by the insured. For associations, such a policy form may include property, liability, directors and officer’s liability, crime, hired and nonowned auto, and boiler and machinery. This form has been replaced by most insurers with the commercial package policy.