How Can Restaurants Prevent Food Spoilage (& Wasted Money)
Restaurants in the state of Utah and throughout the country typically operate on razor-thin margins. Any excessive waste can erase those margins, putting restaurant operations at financial risk. Food spoilage is the leading cause of waste; this waste is one of the most critical expenses standing between success and failure. Food spoilage can also lead […]
The Increasing Importance of Manufacturers & Cyber Liability Insurance
Manufacturers across the country face myriad risks as the produce goods for consumer markets. To protect against product liability risks for manufacturing operations in the state, Utah manufacturers insurance is a valuable solution. Product liabilities are not the only risk facing manufacturers and wholesalers, however; the emerging threat of cybercrimes necessitates a new look at […]
Everything Restaurant Owners Need to Know About Liquor Liability
Alcohol sales are an important part of the hospitality landscape, with alcohol-serving restaurants reporting far greater profit margins. The challenges in obtaining a liquor license are more than overcome by the financial benefits associated with liquor sales. Owners need to understand, however, that restaurants and food service operations that serve alcohol face unique liability risks. Utah […]
Product Liability Critical for Wholesalers Partnering with International Suppliers
In today’s global economy, wholesalers and manufacturers often partner with international suppliers around the world. From component and materials manufacturing to full production of consumer goods, wholesalers rely on a worldwide supply chain. In the state of Utah, Utah wholesalers insurance protects against product liability risks, providing coverage against claims of faulty materials, manufacturing practices, […]
How Are Utah Restaurants Pivoting to Adapt Post-COVID?
In the wake of the coronavirus pandemic of 2020/2021, one of the hardest-hit business sectors was that of the restaurant industry. Stay-at-home orders and quarantine mandates led to the closure of hundreds of thousands of restaurants and foodservice operations across the country. In Utah, restaurant owners struggled to find solutions. While restaurant insurance is a valuable risk […]
What Does Lender Placed Insurance Cover?
Utah mortgage lenders face significant financial risks when writing home loans. If homeowners’ insurance is not maintained by the home’s purchaser, lenders may be on the hook for hundreds of thousands of dollars if the home becomes uninhabitable or destroyed. Utah lender-placed insurance serves as a risk management strategy, protecting the lender’s financial interests. It is important […]
Common Risks Faced by Wholesalers
Common Risks Faced by Wholesalers In the business world, risks confront nearly every operation. Wholesalers, like their counterparts in the retail sector, face certain risks that can negatively impact business assets. As a risk management tool for wholesalers in the state of Utah, Utah wholesalers insurance represents a foundational component. Understanding the risks faced by wholesalers is […]
What Insurance Coverages Does a Restaurant Require?
The restaurant industry is a multibillion-dollar economic driver, serving millions of guests each year in the United States alone. Restaurant owners face unique and specific risks that are inherent in the industry; other industries do not have similar risk exposures. Unfortunately, many of these risks are beyond the control of restaurant owners and managers, necessitating […]
Everything You Need to Know About Manufacturers’ Product Liability
Goods manufacturing is an important part of the American economy. Manufacturers in every state produce products that are shipped domestically and internationally to end consumers. These manufacturers have a duty to produce safe products; a defective product can result in injury or death and represents a severe risk exposure to the manufacturer itself. In the […]
A Closer Look at the Construction Industry & Environmental Liability
Booming construction in Utah and in states across the nation are a strong indicator of economic growth. The construction trades in Utah face numerous risks in their daily operations, necessitating the protection of Utah construction insurance. Environmental liability, such as unexpected pollution or wastewater discharges, has been a source of confusion for many construction contractors. Damage caused […]