Commercial Insurance

Commercial Insurance is a policy purchased for business security and protection against, liability, injured employees, theft, property damage, fire, natural calamities, and potential loss due to unforeseen circumstances, factors which the business can not afford on its own, this also allows the business to continue operations even at the risk of bankruptcy and even other unpredicted casualties.

Commercial insurance is a combination of a variety of insurance policies that covers auto, workers’ compensation, lawsuits, and other general liabilities that can be custom to the business needs. The range of policies differ depending on the business type and clients’ unique needs, every policy can be tailor-fit according to the line business.

The General liability insurance policy covers all the basic needs designed for a typical business. Needs such as healthcare, accident insurance, and property damage, for such factors that could occur during normal business operations.

Commercial Umbrella Insurance is designed to cover liabilities that may fall outside the range of your usual policies, factors such as catastrophic events, and unforeseen incidents, it is a policy on top to your other coverage and it’s intended to take care of gray areas on your current policy. You may reach us at 801-505-4300 for more information and get a quote from us.

Commercial Auto Insurance

Commercial Auto Insurance is arranged to assure drivers and their passengers from financial adversity after an accident or other vehicle-related incident. Insurance can sometimes be confusing but finding the right coverage and price can help you to understand more about how it works and why is it required. You have to remember Auto Insurance secures or protects you contrary to financial loss if you have an accident. It’s a contract between you and the company. This is where you agree to pay the premium and the insurance company agreed to pay your losses as designated policy, certain circumstances statistically affect your chances of getting into an accident. So a lot of them use these factors to determine your premiums.

WHY IS IT IMPORTANT?

When you are driving you take a risk, you can’t expect everyone on the road to be a responsible driver but you are hoping that all drivers will pay more attention and will drive well. That is why we need Auto insurance to provide us safety valve when drivers carry out mistakes. All of your assets are at risk if you are uninsured or underinsured. So if you’re responsible for causing an accident or damage to other vehicles, you are liable to pay to the other person’s vehicle and for the medical costs of injured victims. If you are sued you must cover the repairs to your own vehicle and the costs of legal fees. You cannot foresee the future, but you can be prepared with auto insurance.

There are tons of types of insurance coverage available, it can be complicated as to what coverage you need, like what exactly is covered or what required by your state. In most states, it’s compulsory to find out your state’s minimum requirements in order to protect yourself to a greater degree.

At Inside Insurance, each one of our clients is given the best team possible that’ll work together to proficiently address all your concerns, Contact us today at 801-505-4300 or Submit one of our quick online quote forms – with the help of our dedicated business partners; we conveniently offer an entire solution for all your insurance and business needs.

Worker’s Compensation

Workers’ compensation is a form of insurance policy that covers an employee’s medical benefits and wage assessment in an event where the employee is injured, disabled, or fell to an illness in the course of employment due to an employer’s disregard and other work-related factors. It is designed to replace an employee’s right to take legal action against his or her employer in the event of negligence. This insurance policy protects the business from insolvable legal cases and excessive compensation that could damper the usual flow of the business.

The coverage plan for Workers’ Compensation varies according to the business type, risk, and provisions specifically made for the line of business. Basic coverage includes policies for disability, medical expenses, reimbursements, health, and life insurance. This, however, does not include if the injury, disability or illness is inflicted by a co-worker, if the injured employee failed to utilize precautions required by work safety regulations, and if the injured employee is made aware and did accept the risk associated with the job description.

Workers’ compensation is supported by common-law remedies which prescribe safety measures and guidelines to aid the employer in adhering to these provisions, common-law guidelines include providing a safe work environment; provide safe tools; warning labels and devices; providing adequate training to employees, propagating and enforcing work safety.

Commercial Umbrella Policies

An umbrella is a type of liability policy that applies over and above the coverage which is afforded by your basic general liability policy. If you have purchased commercial auto liability and/or employers liability coverage, your umbrella ought to include those coverages as well.

Understanding how an umbrella works, think you are looking at a low building with a tall flat roof. The roof has overhangs that extend beyond the building in many directions.

The building’s floor and walls will represent your basic policies. The roof represents your umbrella. The height of the building reflects the limits provided by your basic commercial umbrella policies. The density of the roof reflects the restriction provided by your umbrella. The overhangs on the roof represent coverages provided by your umbrella that aren’t included in your basic policies.

An umbrella affords valuable protection against large lawsuits that could devastate your firm. Before purchasing a policy, however, there are several things you should understand.

Limits

The limit of your company’s needs greatly depends on the essence of your business. For example, hotels, crane operators, and pharmaceutical manufacturers are prone to catastrophic losses. They need better umbrella limits than say, a retail store.

Coverages

The umbrella ought to provide coverages that are not afforded by your primary liability policy.

The coverages that your company needs can depend on the kind of business you conduct. For example, if your company operates a brewery, you might choose an umbrella that includes liquor liability coverage. Likewise, if your firm owns a boat for entertaining clients, you might opt for an umbrella that includes watercraft liability coverage.

Cost

Umbrella premiums differ depending on the carrier, the limits, and the coverages you just bought.

Variation

The scope of coverage afforded by an umbrella can vary widely from one insurer to the other. Thus, it is important to shop around and compare policies. A good place to start is to obtain an umbrella quote from the insurer that issued your primary general liability policy. Once you have a quote, you can use it as a basis for comparison.

Pitfalls

There are a few things to keep in mind when shopping for an umbrella. First, many umbrella insurers have replaced “legalese” with simplified language like that found in most primary policies. This has made umbrellas a lot simple to read. However, some umbrellas are so similar to the basic policy that they are practically mirror images. These so-called umbrellas may afford cheap if any, the coverage that is not provided by the primary policy.

Secondly, an umbrella policy may contain exclusions that aren’t found in your primary policies. Alternatively, an umbrella may consist of the same type of exclusion as your primary policy, but the exclusion in the umbrella may be broader. For instance, the expected or intended injury exclusion in your basic liability policy provides an exception for bodily injury or property damage that results from the use of reasonable force to protect persons or property. The exclusion in your umbrella policy does not contain these exceptions.

Thirdly, some umbrellas contain self-insured retention or “SIR.” It represents the amount your firm will pay out of pocket for each occurrence that is covered by the umbrella but not the basic policy.

Bonds

The bond process can be complicated at times and some types of bonds require substantial documentation. A bond specialist offers the expertise required to ensure that your bond application is completed perfectly and all required documentation is included, which increases the likelihood of having your bond application approved. We have the best insurance companies with the highest standards to ensure quality, honesty, and integrity for our clients.

We write all types of Bonds; from Contractors to Judicial, Janitorial to Automotive. We provide Honesty – Fidelity, ERISA Plans. Motor Vehicle – New Car Dealers, Used Car Dealers, Wholesalers, Recyclers, etc.

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