LOS ANGELES, Dec. 8, 2021 /PRNewswire/ — Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, introduced the corporate is providing Small Business Insurance for California enterprise house owners, together with these with retail shops, eating places, skilled providers and medical workplaces. The newest providing from Mercury’s CMP line is designed to present a fast quote with simple to tailor protection packages to shield buyer’s companies.
“As the economy rebounds and businesses reopen, owners now, more than ever, are aware of their need to be protected when unexpected circumstances happen,” stated Elizabeth Corral-Salas, Senior Director State Product Manager at Mercury Insurance. “As many owners look to rejuvenate their business or start new ventures, our Small Business Insurance program has been designed to fit California businesses’ specific needs.”
Through Mercury’s substantial investments in expertise, brokers are in a position to shortly receive a quote, bind and subject a coverage, simpler and sooner than ever earlier than, higher serving brokers and prospects.
“With the new program’s revised quote layout, coverages, rating details and eligibility qualifiers are clearly displayed, to easily confirm with the client when writing their policy,” stated Erik Connell of Connell Insurance Agency based mostly in San Mateo, Calif. “I’m sold on Mercury’s new Small Business quoting platform and the competitive advantage it will bring our agency and customers!”
Mercury’s Small Business Insurance provides the flexibleness to quote enterprise house owners with a number of enterprise operations and procure mandatory coverages and pricing designed round every of their particular enterprise exposures. For instance, if a small enterprise proprietor is working a present store and a restaurant in a single location, wanted coverages and pricing related for every enterprise operation will seamlessly be bundled collectively of their Business Owners Policy (BOP).
A Mercury BOP is designed for small to mid-size companies with fewer than 50 workers and fewer than $30 million in gross sales per 12 months. The coverage is bought by means of Mercury’s California native, unbiased brokers who might help enterprise house owners discover custom-made protection, alongside with quite a few reductions – hearth alarm, loss free, a number of places and extra – to lower your expenses and supply peace of thoughts. Mercury’s BOP is multifaceted, permitting house owners to mix coverages—legal responsibility, constructing, enterprise private property, cyber and knowledge breach and extra.
“Mercury has given us the confidence and ability to support California’s small businesses insurance needs,” stated Richard Choe, Commercial Account Manager Team Lead at Inszone Insurance Services based mostly in Pleasanton, Calif. “Our agency has had tremendous success in the past year with Mercury’s lessors risk insurance and we’re excited to now be able to easily write small business policies.”
Learn extra about Small Business Insurance: https://www.mercuryinsurance.com/insurance/business-owners-insurance/small-business-insurance.html.
Policy coverages could embody:
- Business Personal Property together with tools, inventory, furnishings and provides;
- General Liability together with: Business Liability, Products and Completed Operations, Personal and Advertising Injury, Medical Expenses and Damage to Premises Rented to You;
- Loss of Business Income for up to 24 months;
- Spoilage due to lack of perishable inventory as the results of energy outage, breakdown or contamination on the insured’s premises;
- Cyber and Data Breach with up to a $250,000 restrict;
- Equipment Breakdown or electrical failure, together with micro circuitry;
- Employee Dishonesty with up to a $250,000 restrict for direct lack of cash, securities or injury to property ensuing from dishonest acts dedicated by workers;
- Employment Practices Liability with up to a $250,000 restrict for full prior acts and third occasion claims, which incorporates discrimination or sexual harassment;
- Liquor Liability safety for bodily damage and property injury because of promoting, serving or offering alcoholic drinks;
- Hired and Non-Owned Auto Liability gives safety for bodily damage or property injury attributable to an insured or their workers whereas driving in the course of the course of enterprise;
- Professional Liability for Barbers, Beauticians, and Nail Salons in addition to Printers Errors and Omissions Liability; and
- The Small Business Broadening Endorsement or Restaurant Broadening Endorsement gives quite a few further property and legal responsibility coverages.
Mercury’s Commercial Multi-Peril BOP Insurance protects enterprise house owners in a broad array of industries together with retail, service, skilled service, restaurant and medical workplaces. Additionally, Mercury provides coverages for Lessors Risk and Habitational properties.
About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance coverage provider predominantly providing private auto, owners and renters insurance coverage by means of a community of unbiased brokers in Arizona, California, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, in addition to auto insurance coverage in Florida. Mercury writes different traces of insurance coverage in varied states, together with business, enterprise house owners and enterprise auto, landlord, home-sharing, ride-hailing and mechanical safety insurance coverage.
Since 1962, Mercury has offered prospects with great worth for his or her insurance coverage greenback by pairing ultracompetitive charges with glorious customer support. Mercury has earned “A” scores from A.M. Best and Fitch, in addition to rating highest within the J.D. Power 2021 U.S. Insurance Digital Experience Study,SM acknowledged as one of many “Best Insurance Company in America for 2022” by Forbes and 4 consecutive “Best Auto Insurance Company” awards from Insure.com. For extra info go to www.MercuryInsurance.com or observe the corporate on Twitter or Facebook.
SOURCE Mercury Insurance