Short answer: a certificate of insurance (COI) is a one-page proof that you carry insurance, and being named “additional insured” means another party (like a general contractor or property owner) is added to your policy so it also protects them…
“Insured” protects you when something goes wrong; a “bond” protects your customer if you don’t finish the job or don’t meet an obligation. They’re often said together — “licensed, bonded, and insured” — but they do completely different jobs, and…
As of April 20, 2026, the Utah Division of Professional Licensing (DOPL) requires licensed contractors to carry general liability insurance of at least $1,000,000 per occurrence and $3,000,000 aggregate — up from the old $100,000 / $300,000. That’s a 10x…
General liability covers harm your business causes to other people and their property; workers’ compensation covers your own employees when they’re hurt on the job. They protect against completely different risks, which is why most Utah contractors need both —…
Most Utah contractors need general liability, workers’ compensation (or a state waiver if you have no employees), commercial auto, and tools/equipment (inland marine) coverage — and as of 2026, your general liability has to meet a higher state minimum. Here’s…
Short answer: most small Utah contractors pay somewhere in the range of a few hundred to a few thousand dollars a year for general liability, with total insurance costs rising from there depending on your trade, payroll, revenue, and coverage…
A captive turns a business from an insurance buyer into an insurance owner. It is a powerful tool for the right company — and the wrong move for most. Most businesses transfer risk by paying premiums to a commercial insurer. A…
A clarification first: in the insurance world, “executive protection” rarely means bodyguards. It means management liability — the coverages that protect leaders’ personal assets and the company’s balance sheet from the decisions of running a business. The term “executive protection”…
Insurance transfers risk. Risk management decides which risks to transfer, which to reduce, and which to live with on purpose. They are not the same thing. Most business owners use “insurance” and “risk management” interchangeably. They are related, but they…
Commercial insurance isn’t one policy. It’s a program — and the costliest gaps usually live in how the pieces fit together, not in any single line of coverage. Ask a business owner what insurance they carry, and the answer is…