Commercial Insurance Ogden UtahCreating a successful business is not done overnight. Protecting your investment in your business is vital to its overall success. Commercial insurance is designed to provide protection to business owners and employees. However, each business industry is unique, which makes shopping for commercial business insurance difficult for many people. At Mountain Ridge Insurance Group, we provide in-depth commercial insurance options for businesses of all sizes. Our job is to make selecting the right commercial business insurance easier so you can get back to running your company.

What is Commercial Insurance?

Commercial insurance is broken into several categories including property insurance, liability insurance, commercial auto coverage, and crime insurance. Business owners can choose to add other insurance needs to their plan based on their industry. For example, if you have large equipment which could be dangerous to operate, you will need to include equipment breakdown insurance, along with Workers Compensation.

How Do I Choose Business Insurance?

Commercial Insurance Ogden Utah

We are asked this question frequently, as most business owners are not aware of what their current commercial insurance includes. The type of business you are running will have a large role in the type of insurance and coverage amounts you need. Here are some of the most important elements to consider when comparing insurance rates:

  • Location (we offer commercial insurance throughout Utah and parts of Idaho)
  • Number of employees
  • Length of time the business has been in operation
  • Gross annual revenue
  • Vehicles owned or rented by the business
  • Lease, rental agreement or ownership rights of the property

What Does Commercial Insurance Cover?

When it comes to commercial insurance, we often have people look for the cheapest plan because they don’t want to spend a lot of money on their business. Different insurance policies will apply to different types of businesses. You worked hard to create your business, don’t lose it to inadequate insurance coverage. Effective commercial insurance will protect a business and the owner from serious liabilities including:

  • Lawsuits
  • Property damage or theft
  • Customer injury
  • Employee and client lawsuits

Filing a Commercial Insurance Claim

Depending upon the commercial insurance you have selected, you will go about using the insurance when there is a situation. For example, let’s say you run a pizza store and someone breaks in and steals your cash register and large mixing equipment. As a business owner, you will file a claim with your commercial insurance provider. The insurance company will evaluate the claim and investigate prior to purchasing new equipment and they will replace a broken door or however the individual was able to break in and steal your property.

That is a cut and dry example, some claims can be quite complex and may need the help of an experienced insurance agent.  What do you do if you are sued by a customer? If you have the right liability coverage in your plan, your insurance company will appoint a lawyer for your legal defense.

Finding the Best Business Insurance Coverage

When you meet with Mountain Ridge Insurance Group, we will go over your business details and any concerns you have related to commercial insurance needs. Generally, a business is only required to have Workers Compensation insurance, but you may be contractually obligated to carry additional policies based on your industry and other factors. We recommend calling our Ogden commercial insurance agency today at 801.820.6402 to discuss your business insurance needs.