Multiple-peril insurance  Multiple-peril insurance coverage is a kind of insurance that bundles together multiple coverages that typically would be needed with each other. Typically the package may include coverage for business crime, business automobile, boiler and machinery, marine, or farm. The benefits to purchasing multiple-peril insurance coverage include lower overall premium costs for the insured because of the benefits that the insured receives on the basis of an all-in-one type package, as well as broader coverage for losses that typically occur together, like flood damage to an insured’s basement and wind damage to an insured’s roof. The term multiple-peril coverage is rarely used in commercial insurance. Rather, most insurance companies offer package plans like a Business Owners Policy (BOP) which covers a variety of risks that face a typical small business. However, multiple-peril coverage is a broader, more inclusive term that includes coverage combinations like business automobile, which is a single category of coverage, but actually qualifies as multiple-peril coverage as it may provide indemnification for the perils of liability, physical damage (property), and medical payments. A prominent type of multiple-peril insurance coverage is multiple-peril crop insurance coverage (MPCI). MPCI is a bundle of different policy options that covers loss of crop yields from drought, flood, excessive moisture, and all other natural causes. Recent changes in coverage now allow for a combination of yield protection and price protection to further protect farmers from financial loss. Multiple-peril crop insurance is actually a product of a government partnership and 19 private insurance companies. In essence, the United States Department of Agriculture Risk Management Agency oversees the issuance of MPCI, along with mandating what rates can be charged and what kinds of crops are automatically covered in different parts of the country. The collection of private insurance companies that are allowed to sell MPCI handle the reinsurance and writing of the policies themselves, as well as adjusting and processing claims. Currently the government is the only actual provider of flood insurance throughout the nation as part of the National Flood Insurance Program. In 2009, a bill approached the House of Representatives that would have extended the National Flood Insurance Program to include other risks typically associated with catastrophic flooding. This bill was entitled the Multiple-Peril Insurance Act and was sponsored by Representative Gene Taylor of Mississippi. The provisions of this bill would have extended the federal government’s involvement in the flood insurance to combine the current sale of flood insurance through the NFIP with wind coverage. As a result, those who experienced damage from a catastrophe like a large-scale hurricane would know that they could not fall through a crack in their coverage.