Utah Business Insurance protects your home or commercial business and its owners, officers, directors and stockholders against loss from damage to its assets such as equipment, buildings, tools and automobiles as well as lawsuits due to the operation of the business. Even a small business that you run from your home should have adequate business insurance which is very affordable for most businesses. Call now for Utah business insurance quotes!
Our Key Benefits Include:
- Most assets can be covered in one package
- Monthly billing plans are available
- We can combine liability, property, automobile, workers compensation and other insurance into one simple monthly bill
Sample Pricing for a few businesses:
| Description | Type of Business | Annual Premium |
| Carpenter | One man doing finish carpentry work $300,000 liability | $256.00 |
| Retail Store | $100,000 in stock and $1,000,000 in liability | $900.00 |
| Tire Store | $75,000 in stock, $500,000 liability and $30,000 on Customer’s Cars | $1256.00 |
Utah business insurance quotes
Call us now at 801-268-1168 for Utah business insurance quotes for your home or commercial business.
What is Utah business insurance and why is it important?
The term “business insurance” is widely used as a means to describe the plentiful options that are available to business owners. Utah Business insurance is thinking ahead. It is a fundamental way to prevent damages and losses to any business or firm. The reason Utah business owners get Utah business insurance is to prevent their business from falling through in case a disaster or catastrophic event occurs. Insurance is the smartest and simplest way to go when trying to keep your business a float. Insurance can make it so that your business does not have to pay out of pocket right away or all at once. Let us say, for example, that your business is not doing good one month (not reaching average quota) and then a disaster occurs. What do you do? With insurance, it does not matter if your business is doing bad or good. The insurance will help cover the costs to repair and rebuild. Therefore, it saves you from having to spend a lot of money that you do not have at the current time.
There are normally nine types of insurances for business owners. Some of these insurances are very common to the average citizen. The common types that business owners and casual citizens share are auto, health, and property.
- Commercial Auto Insurance – This type of insurance covers all damages done by or to the vehicle(s) that your business uses. It is important to keep in mind that no matter what kind of personal auto policy you have, your personal policy does not cover commercial vehicle. Commercial Auto Insurance must be purchased separate from personal auto insurance.
- Health Insurance – Health Insurance offers security and assurance for your employees. Today, most people will only work for a company that offers health insurance. So, most businesses offer it. If you want to get a leg up on the competition, health insurance is a must! Now, you are not only providing Health Insurance to your employees but the policy also covers you.
- Property Insurance – This insurance policy protects the location of your business or owned locations. Property Insurance can be very specific, depending on what you are looking for. Examples of this are fire insurance, flood insurance, tornado insurance, etc.
- Casualty Insurance – Is a policy that forbids any damages or loss to the company. Normally Property Insurance and Casualty Insurance are combined.
- Liability Insurance – Liability Insurance prevents people from suing your business for negligence. Legal liability can be pressed on your business for the carelessness of the employees or the business operations.
- Worker’s Compensation – Worker’s Compensation is a prevention plan so that the business cannot be sued by its employees for on-the-job injuries. Most states do require businesses to have some form of Worker’s Compensation. Then again, there are also some specific states that require businesses to have more than just Worker’s Compensation. It is best to see what state has what policies.
- Life and Disability Insurance – This policy allows for the business to keep functioning when an employee who is an asset to the company dies or is permanently disabled. So, if the co-owner of the business dies, the shares or co-ownership can be passed on to allow the business to continue to run. This is much like if the President were to die. If a President dies, the Vice President takes office. The same idea is applied to Life and Disability Insurance.
- Business Interruption Insurance – This insurance is absolutely vital. This policy protects your business when no revenue is being made. If a natural disaster occurs and you are unable to keep producing or functioning as a business, this policy makes it so that you can still make the same money. It acts as a gap filler, as if the disaster never occurred.
- Other policies – It is very easy to “Create your own” insurance policy. Some businesses have certain operations that do not meet the exactness of the insurances listed above. So, a business owner can easily ask for a “scripted” policy. This means talking about and creating a policy option that best suits your business needs.