Calculating a Renters Insurance Limit
For renters insurance, finding the right coverage balance means choosing accurate, appropriate limits for your personal property and liability coverage. Here are some tips to help you in this process: Inventory Your Possessions Personal property coverage is probably the main reason you purchase a renters policy. The coverage will reimburse you for damage, loss, or […]
How Technology is Streamlining the Manufacturing Industry
In the manufacturing industry, technology has evolved at a rapid pace. New technology-based processes and equipment make complex manufacturing steps possible, improving efficiency and workplace safety at the same time. For manufacturers in the state of Utah, understanding technology advances is just as important in managing risks as is the role of Utah manufacturers insurance. By […]
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 […]