Every type of commercial insurance is not right for every business. Commercial insurance should be customized to make sure that you have all the protection that you need. It doesn’t make good financial sense to pay for insurance that you don’t need. As independent agents, the team at Uban Insurance Agency in Salt Lake City, UT will discuss your business with you to find out what types of coverage make sense.
Commercial property insurance
If you don’t own the building you do business in, you may feel that you don’t need commercial property insurance. That is a mistake. Commercial property insurance covers so much more than just the building. It covers the things you need to do business. Depending on the type of business you have, it can be machinery, tools, office equipment, inventory, raw materials, office furniture, business documents, and a whole lot more.
Commercial liability insurance
Businesses are particularly vulnerable to being sued. If you have a business where people actually come into your business, they can be injured. If they don’t like the product they got from you, they may sue. You can be sued by a vendor, by a customer, or an employee. With commercial liability insurance, you will have the protection you need to survive any of these. It will cover a judgment against you and also legal expenses. You could lose your business without this coverage.
Worker’s Compensation coverage is the only commercial insurance that is mandated in Utah. In Utah, there are few exceptions to the law that requires every employer to have workers’ compensation insurance if they have any employees. You can purchase insurance or opt to self-insure.
In Salt Lake City, UT, contact Uban Insurance Agency to get the right coverage for your particular business.