Utah Business Insurance

Please enter a valid zip code.

Retrieve a quote

Speak with a licensed insurance agent: 1-866-283-7545

Call a licensed agent

Monday – Friday, 7am – 10pm ET M–F, 7a –10p ET

Small Business Coverage in the Beehive State

With more than 324,000 small businesses, Utah is home to a powerful force of entrepreneurs who make up 99.3% of all businesses in the state. Together, these businesses employ over 625,000 people, or 45.5% of the state's private workforce.

Utah has a friendly environment for business owners, with a flat 5% personal and corporate tax rate which is one of the lowest in the nation. State programs, for example, the Utah Center for Rural Development, grant aid to small businesses in rural regions, while the Utah Technology Innovation Funding initiative helps start-up and early-stage tech companies.

Top insurance-covered industries in Utah

A wide range of industries can find small business insurance coverage through Hiscox, where an in-depth knowledge of many different fields allows for customized insurance policies that address the specific needs and risks of each business. Some of Hiscox's most commonly insured small business owners in Utah include handypersons, accountants, landscapers and gardeners, photographers, and IT consultants.

More professions we insure in Utah

Utah Small Business Insurance Coverage

As small business insurance specialists, we understand that every business is different, which is why we don’t offer one-size-fits-all solutions. We customize our small business insurance in Utah to the specific risks you face, ensuring you get the right coverage at the right price.

Key Utah laws and conditions driving increased business liability rates

Across the country, all employers with at least 15 employees must guarantee freedom from discrimination based on race, color, national origin, sex, religion and disability. Employers with at least 20 employees must guarantee freedom from age discrimination, and employers with at least four employees must guarantee freedom from discrimination based on citizenship status.

The state of Utah also requires that employers with 15 or more employees guarantee freedom from discrimination based on sexual orientation, gender identity, HIV or AIDS status, and genetic information.

Like most states, Utah is an "at-will" employment state, meaning that employment can be terminated at any time for any reason. But fired employees can still sue for breach of contract if their employment contract promises job security, and Utah recognizes implied employment contracts based on oral promises, statements in an employee handbook or employer conduct that creates an impression of job security.

These regulations all work together to protect Utah's workforce, but they also allow for potential wrongful termination or discriminatory hiring lawsuits. And employment discrimination complaints are on the rise in Utah: In 2017, the Utah Antidiscrimination and Labor Division filed 1,831 charges of discrimination against Utah employers—a third again as many charges as were filed in 2016. And these charges represent just a fraction of the number of employees who complained to the agency; an audit released in January 2017 estimated that charges were filed in just 0.7% of state discrimination cases.

With employee lawsuits on the rise, smart small businesses in Utah are protecting themselves with comprehensive insurance coverage.

Utah workers compensation laws and regulations

According to the National Federation of Independent Businesses, all employers in Utah are required to carry workers compensation insurance for employees, including directors, officers and LLC members. There are exceptions for sole proprietors and partners, who can choose to exclude themselves. In addition, employers of agricultural laborers, casual or domestic workers, and real estate brokers may be excluded from workers compensation requirements. However, general contractors in Utah must ensure that their subcontractors (including sole proprietors, partners and corporate officers) carry workers compensation insurance.

Small business owners may purchase an insurance policy through a provider like Hiscox or through Utah's state-administered Workers Compensation Fund, which must provide coverage for any Utah employer. Businesses may also obtain permission to "self-insure" from the state's Industrial Accidents Division. Requirements for self-insuring are stringent and include being in business for at least five years and having a net worth of at least $10 million.

Consequences for failing to obtain workers compensation insurance can be severe and include penalties of at least $1,000 and stop-work injunctions. Lack of coverage also opens the business up to civil lawsuits from injured workers. As the state Labor Commission puts it, "It is much less expensive to obtain workers compensation coverage than to try to go without it."

How can Hiscox help your Utah small business?

At Hiscox, you'll never be offered a one-size-fits-all insurance policy. We work with each individual client to ensure that their coverage—whether it's general or professional liability insurance, a business owner's policy, workers compensation and more—meets their specific business's and industry's needs. We also offer a range of benefits:

  • Flexible payment options: Our monthly, quarterly, semi-annual or annual payment options, with no added fees, can help manage a small business's cash flow.
  • Tailored insurance: With Hiscox, you'll never pay for coverage you don't need.
  • Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
  • Worldwide coverage: A Utah business insured through Hiscox is covered for work done anywhere in the world, as long as the claim is filed in the U.S., a U.S. Territory or Canada.

Get a fast, free quote now, and get Hiscox in your Utah business's corner. If you have questions, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET.

Hiscox Customer Reviews

Hiscox rated 4.7/5
Rated 4.7/5

5 Stars

David, Utah



5 Stars

Elliot, Salem, UT

"Great service. Always used Hiscox and loved them. My contract required umbrella, so I needed to go another way."


5 Stars

Phillip, Georgia

Overall, it was a great experience. Mike (or Michael) Murphy was very helpful and pleasant.


4 Stars

Thomasina, Orange County, CA

"Satisfied: My representative was very professional and made sure I have the coverage I need. Very informative. Love my policy. Excellent, the customer service rep that assisted me was very helpful and knowledgeable."


5 Stars

Nina, Ontario, CA

"Friendly, informative, and helpful service. Thank you! The customer service representatives were very informative and helpful."


5 Stars

Tom, Peoria, AZ

"Excellent. The person who helped me was very nice and professional."

See More Reviews

This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverage is subject to underwriting and may not be available in all states.

Administered by Hiscox Inc., a Delaware corporation that is a licensed insurance producer in all states and Washington, D.C. 5 Concourse Parkway, 21st Floor, Atlanta, GA 30328.