Short answer: your workers’ comp premium is built from three things — your payroll, the risk “class code” of the work your employees do, and your experience modification factor (your claims history compared to similar businesses). Understand those three levers…
Commercial umbrella insurance adds extra liability limits on top of your existing policies, so if a claim blows past what your general liability or commercial auto covers, the umbrella picks up the rest — up to its own limit. It’s…
Business Owner’s Policy (BOP) bundles the coverages most small businesses need — general liability plus commercial property, and usually business interruption — into one convenient package that’s often cheaper than buying them separately. It’s a great fit for many small…
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…