Four commercial insurance benefits that might surprise you

Business owners in Newport Beach, CA need to realize how important it is to carry commercial insurance. At Murvay Insurance, we provide commercial insurance coverage to area business owners.

Business owners can benefit from investing in commercial insurance in numerous ways. Here are four commercial insurance benefits that might surprise you. 

Commercial insurance can cover the costs of hiring legal representation.

If your company is sued, you will need to hire a legal defense. Business owners shouldn’t underestimate how expensive legal representation can be.

With commercial insurance, the costs of legal representation for your company should be covered. 

Commercial insurance can keep a company afloat during a business interruption. 

Business interruptions can make it hard for companies to survive. With a commercial insurance policy that includes business interruption coverage, you can enjoy healthy cash flow even if business operations at your company can’t go on for a certain period. 

Commercial insurance can make it easier for business owners to get financing.

Most business loan lenders require companies to have insurance before they will provide them with capital. This makes commercial insurance especially important if you want to seek out a business loan in the near future. 

Commercial insurance can cover overseas operations.

If your company operates internationally, you’ll be happy to know that many commercial insurance policies are in effect worldwide. Don’t stress out about overseas operations. Purchase commercial insurance, and you won’t face severe financial setbacks due to incidents in other countries. 

Call Murvay Insurance today to get a commercial insurance policy quote. We offer commercial insurance coverage to business owners in Newport Beach, CA.