{"id":94,"date":"2022-10-31T04:00:00","date_gmt":"2022-10-31T10:00:00","guid":{"rendered":"https:\/\/www.murvayinsurance.com\/blog\/?p=94"},"modified":"2022-10-31T10:46:46","modified_gmt":"2022-10-31T16:46:46","slug":"what-kind-of-commercial-insurance-do-you-need","status":"publish","type":"post","link":"https:\/\/www.murvayinsurance.com\/blog\/what-kind-of-commercial-insurance-do-you-need\/","title":{"rendered":"What kind of commercial insurance do you need?"},"content":{"rendered":"<h3><strong>More than 20 commercial policy types exist. Which do you need?<\/strong><\/h3>\n<p>At Murvay Insurance, we offer a wide array of commercial insurance to help you protect your Newport Beach, CA business. Commercial insurance sounds misleadingly like a single policy when it refers to a category of policies. More than 20 types of small businesses exist, but your business won&#8217;t require every kind of policy.<\/p>\n<ul>\n<li><strong>Business owner&#8217;s policy (BOP)<\/strong>: nearly every business acquires this bundle of four common policies that costs less than the policies would separately.<\/li>\n<li><strong>Business interruption<\/strong>: reimburses a business&#8217; lost income when a named peril causes temporary closure.<\/li>\n<li><strong>Commercial auto<\/strong>: the business version of auto insurance.<\/li>\n<li><strong>Builder&#8217;s risk\/Construction<\/strong>: used when you need to renovate or remodel an existing business structure or construct a new one.<\/li>\n<li><strong>Crime policy<\/strong>: protection from loss due to burglary, theft, or robbery.<\/li>\n<li><strong>Debris removal<\/strong>: covers debris removal costs post-peril.<\/li>\n<li><strong>Directors&#8217; &amp; officers&#8217; liability<\/strong>: covers a business&#8217; legal costs and settlement if a party sues the board of directors or C-level officers.<\/li>\n<li><strong>Boiler &amp; Machinery\/Equipment Breakdown<\/strong>: covers equipment repair or replacement and the losses from business interruption.<\/li>\n<li><strong>Errors &amp; omissions (E &amp; O)<\/strong>: covers court costs and settlements arising from mistakes in product manufacturing.<\/li>\n<li><strong>Glass<\/strong>: replaces plate glass and broken windows.<\/li>\n<li><strong>Inland Marine<\/strong>: protects third-party items transported by your business.<\/li>\n<li><strong>Liability<\/strong>: covers court costs and lawsuits from those injured at your business.<\/li>\n<li><strong>Malpractice\/Professional Liability<\/strong>: covers court costs and lawsuits when an individual incurs an injury because a medical professional does not meet the &quot;proper standard of care.&quot;<\/li>\n<li><strong>Law\/Ordinance<\/strong>: covers the cost of a company to reconstruct a damaged property to meet building code standards after a peril caused irreparable damage.<\/li>\n<li><strong>Property insurance<\/strong>: pays for real property damage by a named peril.<\/li>\n<li><strong>Tenant&#8217;s insurance<\/strong>: pays for building repair when the leasee made building improvements, but the landlord&#8217;s employees damaged it.<\/li>\n<li><strong>Workers&#8217; compensation<\/strong>: every state requires this medical insurance that protects employees when injured on the job.<\/li>\n<\/ul>\n<p>Contact Murvay Insurance serving Newport Beach, CA to purchase the commercial insurance you need to protect your California business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 20 commercial policy types exist. Which do you need? At Murvay Insurance, we offer a wide array of commercial insurance to help you protect your Newport Beach, CA business. Commercial insurance sounds misleadingly like a single policy when it refers to a category of policies. More than 20 types of small businesses exist, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6,7],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-murvay-insurance","tag-newport-beach-ca"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=94"}],"version-history":[{"count":1,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/94\/revisions"}],"predecessor-version":[{"id":95,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/94\/revisions\/95"}],"wp:attachment":[{"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.murvayinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}