1. An insurance policy that is distinct and independent from other policies, providing coverage for a specific risk or item
The company decided to purchase a separate policy for equipment coverage instead of adding it to the existing contract.
A empresa decidiu adquirir uma apólice separada para cobertura de equipamentos em vez de adicionar ao contrato existente.
2. In business and finance, an individual insurance agreement that stands alone rather than being bundled with other coverages
Each property requires a separate policy to ensure adequate protection.
Cada propriedade requer uma apólice separada para garantir proteção adequada.