Which statement is true regarding Commercial Package Policies?

Commercial Package Policies (CPPs) are specifically designed to provide a flexible and customizable insurance solution for businesses. The key aspect that makes the statement accurate is that these policies can combine multiple types of business coverage into a single package. This flexibility allows business owners to tailor their insurance to meet their specific needs by including coverages such as property insurance, liability insurance, workers' compensation, and other business-related protections.

Since a CPP can encompass various coverages into one policy, it addresses multiple risks that a business may face, making it an effective choice for many commercial enterprises. This design contrasts sharply with the other statements, which impose limitations that don't reflect the purpose of a CPP. For example, saying that the policy is specific to only personal property or that it is intended solely for residential policies is inaccurate, as CPPs are focused on business applications. Similarly, the exclusion of liability coverage is misaligned with the reality that many CPPs include liability coverage to help protect businesses from claims arising out of their operations.