MLchartDataset catalogue

Commercial output policy (COP)

Term · Insurance and risk management · MLC-T-INS-003613

A package policy that combines property and inland marine coverages to insure a business's personal property from production through final sale, whether on-premises, in transit, or at non-owned locations. A commercial output policy (COP) provides broad, all-risks coverage for finished goods and raw materials without the location-specific limits found in standard property forms. It is designed for businesses in manufacturing, processing, or warehousing with property that moves between different sites.

Table 1. Record
IdentifierMLC-T-INS-003613
FieldInsurance and risk management
SubjectCommercial Property
AbbreviationCOP
Record as JSON 
{
  "id": "MLC-T-INS-003613",
  "term": "Commercial output policy (COP)",
  "field": "Insurance and risk management",
  "definition": "A package policy that combines property and inland marine coverages to insure a business's personal property from production through final sale, whether on-premises, in transit, or at non-owned locations. A commercial output policy (COP) provides broad, all-risks coverage for finished goods and raw materials without the location-specific limits found in standard property forms. It is designed for businesses in manufacturing, processing, or warehousing with property that moves between different sites.",
  "abbreviation": "COP",
  "subject": "Commercial Property",
  "url": "https://mlchart.com/terminology/insurance/commercial-output-policy-cop/"
}

Record 632 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.