Serving Nevada Residents
and Business Owners with
Affordable and Dependable Insurance

  • flash_1
  • flash_2
  • flash_3
  • flash_4
  • Flash_5

               241 Sunpac Ave | Henderson, NV 89011

Phone: (702) 565-4000 | Fax: (702) 450-3860

Business | Home | Auto | Health | Life

What is business liability insurance?

No matter how careful you are, the mere fact that your company interacts with the public leaves your business vulnerable to lawsuits. Legal costs, court fees and damages that result from claims of negligence or harm can be devastating to your business.

A business liability insurance policy helps pay legal fees and any damages for claims made against your business. While additional types of liability insurance are available, such as l professional liability coverage, a business liability policy functions as your primary coverage.

Who generally purchases business liability insurance?

All businesses.

Why buy business liability insurance?

Lawsuits against businesses for seemingly insignificant events are more prevalent than ever. Your best line of defense is to have a business liability insurance policy in place, as it provides insurance coverage for associated costs should your company be named in a lawsuit.

What does business liability insurance cover?

There are three types of legal damages that are typically covered by a business liability policy:

  • Punitive - additional penalties and charges against the defendant in a lawsuit
  • Compensatory – existing, and often, future financial losses
  • General damages – non-monetary such as “pain and suffering” or “mental anguish”
What is a business owners policy?

A business owners policy is a comprehensive insurance package that combines coverage for major property and liability insurance risks, and many optional additional coverages, into one convenient policy. Who generally purchases a business owners policy? Most small- to medium-sized businesses can benefit from the conveniently packaged policy of property and liability coverage.

Why buy a business owners policy?

Unexpected events could be devastating to your business. Convenient and comprehensive, a business owners policy provides coverage when you need it most. A business owners policy is for most businesses a perfect way to safeguard business assets.

What does a business owners policy cover?

A business owners policy provides both property and liability coverage, as well as business income insurance, which compensates you for lost business income and necessary operating expenses following a disaster.

  • Property

    Covers business buildings and their contents, including - but not limited to - inventory, office equipment, furniture and computers, equipment leased or rented for business use, and property in your care belonging to someone else that is accidentally damaged.

  • Liability

    Covers damages that you are legally obligated to pay as a result of bodily injury, property damage or personal and advertising injury up to the policy limits and subject to your deductible.

    • Bodily injury - covers sickness, disease, injury or death and may also include emotional or mental injuries, such as post-traumatic stress syndrome.
    • Property damage - covers physical damage to property, as well as covering any resulting loss of use of that property
    • Personal and advertising injury – provides coverage for:
      • Libel
      • Slander
      • Defamatory or disparaging material or publication
      • Infringement of the privacy or copyrights of another in your advertisement
      • False arrest
      • Wrongful entry or eviction or other invasion of the right of private occupancy
What is business property insurance?

In the case of loss from fire, theft or vandalism, business property insurance provides financial assistance to help cover the cost to rebuild or repair business property so that operations can continue with as little disruption as possible. This includes compensation to repair damaged business property or replace what you've lost.

Who generally purchases business property insurance?

Most businesses.

Why buy business property insurance?

Costs to replace or repair damaged physical business property and assets can be staggering. If it would be financially draining to replace your business property should it be damaged or destroyed, you should consider insuring your business property.

What does business property insurance cover?

Business property insurance protects your business against physical damage to, or loss of, your assets. Assets include the domain in which your business operates and its property (i.e., computers and inventory). There are two types of business property insurance policies available: a named-perils policy, which only covers losses resulting from particular events named in the policy, and an all-risk policy (also known as special form coverage) which covers all events except those specifically named. Most businesses would benefit from all-risk policies, which typically have higher premiums.

What is business auto insurance?

Small business auto insurance provides coverage for you or anyone else you permit to use a company car, truck and/or van.

If you lease, own or rent vehicles for business purposes, you should have a business auto insurance policy. Business auto insurance policies can pay for damages caused by an accident or destructive event such as fire, theft, windstorms, hail, flood and vandalism. Policies also provide bodily injury and property damage coverage to third parties when you or any other authorized driver is at fault in an accident.

Who generally purchases business auto insurance?

Companies who have vehicles titled in the company’s name or use vehicles in the course of their business.

Why buy business auto insurance?

Auto insurance is required by all states for every vehicle. If your business owns, leases or rents vehicles you must have business auto insurance coverage.


copyright © 2015 Murph's Insurance Group