What is Business Income Insurance Coverage?
Business Income (or business interruption insurance) protects business owners from the loss of income when their facility suffers a disaster that forces it to close. While a property insurance policy covers the physical damage or loss to a business’ property, a business income insurance policy will cover the business for lost profits and expense payments. This type of […]
Adequately Managing Construction Risk
Throughout the business world, risk management is an important part of the operational puzzle. For certain higher-risk sectors such as construction, assessing and mitigating risks before they lead to an injury or property damage makes financial sense. Risk management is typically built on a foundation of property and casualty protection, combined with strategies for reducing […]
Preventing Water Damage
Did you know that water damage is the number one cause of homeowners insurance claims? In fact, 98% of all basements will experience some sort of water damage and approximately 37% of all homeowners will report a financial loss from water damage. Even just a small leak can prevent major problems. For example, just a […]
Insurance Cancellation vs. Non-renewal
There’s a difference between an insurance company canceling a policy and choosing not to renew it. Auto insurance cancellation Insurance companies cannot cancel a policy that has been in force for more than 60 days except when: You fail to pay the premium You have committed fraud or made serious misrepresentations on your application Your […]
Risk Exposures Faced by Today’s Manufacturers
In the consumer-driven world of manufacturing, companies within this broad industry face many risks. Manufacturing is a critical component of the American economy, producing goods for personal and commercial uses. From operational risks to liability exposures, all manufacturers must take the steps needed to identify potential risks and manage them accordingly. Utah manufacturers insurance is […]
Federal Laws Over Lender-Placed Insurance
As part of a real estate purchasing transaction, mortgage lenders typically require borrowers to obtain property insurance coverage. If the borrower is unable to obtain or maintain adequate coverage, a solution known as force-placed or lender-placed insurance takes over. Obtained by the lender, this insurance protects the lender’s financial interests. Utah lender-placed insurance is used by financial […]
Kitchen Safety
You already know kitchen safety is important — but you might not know how frequently kitchen mishaps happen. Did you know that cooking fires are the leading cause of home fires in the U.S.? Prevent kitchen fires. Play close attention to what you’re doing and to your surroundings. Keep flammable items, such as oven mitts […]
Does auto insurance cover a rental replacement car after an accident?
If you rely on your car, rental reimbursement is an inexpensive and invaluable option that you’ll want to consider adding to your auto insurance policy. On average, a car is in the repair shop for two weeks after an accident and renting a replacement vehicle for that amount of time can be costly. Many insured […]
Key Strategies for Reducing Construction Site Accidents
Construction is booming across the United States. New projects are being completed in every state, including a significant number of sites in Utah. Within these dynamic work areas, a high rate of injuries is all too common. The construction industry is known for its many risks, primarily in the injuries of construction workers. Site owners […]
