Call Us 801-364-3434 ☰ ˟
Logo
Call Us Today 801-364-3434
Client Portal Benefit Enrollment Design Conference
  • Our Agency
    • AboutImage of right arrow
      • Our Locations
      • Employee Directory
    • Personal ProductsImage of right arrow
      • Auto InsuranceImage of right arrow
        • Liability Coverage
        • Comprehensive Coverage
        • Collision Coverage
        • Specialty Auto Insurance
      • Home InsuranceImage of right arrow
        • Property Insurance
        • Homeowners Liability
        • Renters Insurance
        • Condo Insurance
        • Earthquake Insurance
      • Other Personal InsuranceImage of right arrow
        • Personal Umbrella Insurance
      • Life InsuranceImage of right arrow
        • Individual Life Insurance
        • Group Life Insurance
        • Key Person (Key Men) Insurance
      • Health InsuranceImage of right arrow
        • Group Health Insurance
        • Dental Coverage
        • Vision Coverage
        • Supplemental Insurance
        • Disability Insurance
        • HSAs
      • Recreational Vehicle Insurance
    • Commercial ProductsImage of right arrow
      • Coverage for Specific IndustriesImage of right arrow
        • Accounting Firm Insurance
        • Architects & Engineers
        • Car Dealership Insurance
        • Charter Schools
        • Dental Practice Insurance
        • Educational Facility Insurance
        • Fuel Marketers and Distributors
        • Garage Insurance
        • Healthcare Facility Insurance
        • Law Firm Insurance
        • Manufacturing Insurance
        • Medical Malpractice Insurance
        • Nursing Home Insurance
        • Printers & Publishers Insurance
        • Restaurant Insurance
        • Retail Insurance
        • Self-Storage Insurance
        • Specialty Trade Contractors Insurance
        • Technology Services Insurance
        • Underground Storage Tank Insurance
      • Coverage for Your BusinessImage of right arrow
        • Business Catastrophe Insurance
        • Business Owners Policy (BOP)
        • Commercial Auto Insurance
        • Commercial General Liability
        • Commercial Property Insurance
        • Commercial Umbrella Insurance
        • Crime Insurance
        • Drone / Tech Liability
        • Employment Practices Liability (EPLI)
        • Equipment Insurance
        • Errors and Omissions Insurance
        • HVAC Contractors Insurance
        • Liquor Liability Insurance
        • Mechanical Breakdown Insurance
        • Office Insurance
        • Professional Liability
        • Small Business Insurance
        • Storage Insurance
        • Technology Insurance
        • Transportation Insurance
        • Trucking Insurance and Semi Truck Insurance
        • Workers Compensation
      • Coverage for Your EmployeesImage of right arrow
        • Group Benefits
        • Group Disability Insurance
        • Voluntary Benefits
        • Group Health Insurance
        • Disability Insurance
        • Individual Life Insurance
      • Farm InsuranceImage of right arrow
        • Crop Insurance
        • Farm Owners Insurance
        • Farm Livestock Insurance
        • Equine Insurance
        • Farm Equipment Insurance
        • Farm Dwelling Insurance
        • Farm Structures Insurance
        • Farm Auto Insurance
        • Farm Umbrella Insurance
        • Farm Liability Insurance
    • Our SpecialtiesImage of right arrow
      • Architects & Engineers
      • Petroleum / C-Stores
      • Underground Storage Tanks
      • Charter Schools
      • Restaurants
      • Auto Dealerships
      • Accountants
      • Lawyers
    • Design Conference 2021
    • Get A Quote
    • Client Portal
    • Benefit Enrollment Portal
    • Our Providers
    • Tools & Resources
    • Articles & InformationImage of right arrow
      • Coronavirus Newsletter
      • Covid-19 Info
      • Earthquake Info
      • 2019 Great Utah Shake Out
      • Flood Insurance FAQs
      • Urban Wildfire Protection
      • Firework Safety
      • Home Inspections
      • Umbrellas
    • Contact UsImage of right arrow
      • Salt Lake Office
      • Las Vegas Office
  • Products
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Specialty Auto Insurance
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Earthquake Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Supplemental Insurance
      • Disability Insurance
      • HSAs
    • Recreational Vehicle Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • A&E Liability Coverage
      • Architects and Engineers
      • Car Dealership Insurance
      • Charter Schools
      • Dental Practice Insurance
      • Educational Facility Insurance
      • Fuel Marketers and Distributors
      • Garage Insurance
      • Healthcare Facility Insurance
      • Law Firm Insurance
      • Manufacturing Insurance
      • Medical Malpractice Insurance
      • Nursing Home Insurance
      • Printers & Publishers Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Specialty Trade Contractors Insurance
      • Technology Services Insurance
      • Underground Storage Tank Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Drone / Tech Liability
      • Employment Practices Liability (EPLI)
      • Equipment Insurance
      • Errors and Omissions Insurance
      • HVAC Contractors Insurance
      • Liquor Liability Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Professional Liability Insurance
      • Small Business Insurance
      • Storage Insurance
      • Technology Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Personal ProductsImage of right arrow
      • Auto InsuranceImage of right arrow
        • Liability Coverage
        • Comprehensive Coverage
        • Collision Coverage
        • Specialty Auto Insurance
      • Home InsuranceImage of right arrow
        • Property Insurance
        • Homeowners Liability
        • Renters Insurance
        • Condo Insurance
        • Earthquake Insurance
      • Other Personal InsuranceImage of right arrow
        • Personal Umbrella Insurance
      • Life InsuranceImage of right arrow
        • Individual Life Insurance
        • Group Life Insurance
        • Key Person (Key Men) Insurance
      • Health InsuranceImage of right arrow
        • Group Health Insurance
        • Dental Coverage
        • Vision Coverage
        • Supplemental Insurance
        • Disability Insurance
        • HSAs
      • Recreational Vehicle Insurance
    • Commercial ProductsImage of right arrow
      • Coverage for Specific IndustriesImage of right arrow
        • Accounting Firm Insurance
        • Architects and Engineers
        • Car Dealership Insurance
        • Charter Schools
        • Dental Practice Insurance
        • Educational Facility Insurance
        • Fuel Marketers and Distributors
        • Garage Insurance
        • Healthcare Facility Insurance
        • Law Firm Insurance
        • Manufacturing Insurance
        • Medical Malpractice Insurance
        • Nursing Home Insurance
        • Printers & Publishers Insurance
        • Restaurant Insurance
        • Retail Insurance
        • Self-Storage Insurance
        • Specialty Trade Contractors Insurance
        • Technology Services Insurance
        • Underground Storage Tank Insurance
      • Coverage for Your BusinessImage of right arrow
        • Business Catastrophe Insurance
        • Business Owners Policy (BOP)
        • Commercial Auto Insurance
        • Commercial General Liability
        • Commercial Property Insurance
        • Commercial Umbrella Insurance
        • Crime Insurance
        • Drone / Tech Liability
        • Employment Practices Liability (EPLI)
        • Equipment Insurance
        • Errors and Omissions Insurance
        • HVAC Contractors Insurance
        • Liquor Liability Insurance
        • Mechanical Breakdown Insurance
        • Office Insurance
        • Professional Liability
        • Small Business Insurance
        • Storage Insurance
        • Technology Insurance
        • Transportation Insurance
        • Trucking Insurance and Semi Truck Insurance
        • Workers Compensation
      • Coverage for Your EmployeesImage of right arrow
        • Group Benefits
        • Group Disability Insurance
        • Voluntary Benefits
        • Group Health Insurance
        • Disability Insurance
        • Individual Life Insurance
      • Farm InsuranceImage of right arrow
        • Crop Insurance
        • Farm Owners Insurance
        • Farm Livestock Insurance
        • Equine Insurance
        • Farm Equipment Insurance
        • Farm Dwelling Insurance
        • Farm Structures Insurance
        • Farm Auto Insurance
        • Farm Umbrella Insurance
        • Farm Liability Insurance
    • Our SpecialtiesImage of right arrow
      • Architects & Engineers
      • Petroleum / C-Stores
      • Underground Storage Tanks
      • Charter Schools
      • Restaurants
      • Auto Dealerships
      • Accountants
      • Lawyers
  • Resources
    • Refer a friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About
    • Our Location
    • Employee Directory
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact
    • Location(s)
Home > Commercial-Products > Coverage-For-Your-Business > Small Business Insurance - Salt Lake City UT & Las Vegas NV - American Insurance & Investment Corp.

Small Business Insurance in Salt Lake City UT & Las Vegas NV

Your small businesses needs many types of coverage in order to adequately secure itself against losses in the event of certain common business casualties. Common elements of small business insurance include:

  • General Liability Insurance: This policy covers a business against claims arising from problems like libel, slander, medical expenses, property damage, medical expenses, and the cost of defending against a lawsuit.
  • Product Liability Insurance: If you deal with a product - whether it's manufacturing, retailing, wholesaling, or just distributing it - you may be responsible for keeping it (and people in the area around it) safe. The amount required depends mainly on the products involved - the larger and/or heavier the products are, the more coverage is needed.
  • Professional Liability Insurance: Similarly, if you provide any kind of professional service, you may need coverage for errors, malpractice, and negligence. Some companies are required to have this type of coverage (especially, though not exclusively, those in the medical field).
  • Commercial Property Insurance: If your small business owns any kind of physical property (an office, a retail store, a warehouse, etc.), this coverage insures it against a wide variety of natural and man-made forms of damage. If your business is particularly vulnerable to a certain type of damage (flooding, vandalism, etc.), you may need additional coverage for that specific problem.
  • Home-Based Insurance: If you're running a business from your home, then your homeowner's insurance probably doesn't cover any of your business operations. You may need to purchase additional coverage separately, or as an extension of your existing plan. Speak to a American Insurance & Investment Corp. agents to find out.

Many other industry-specific forms of coverage are available. For more information about what policies are the most important for your business, talk to one of our agents and ask for a full risk assessment. You can research forms of insurance through reputable sources—this information is available for free online, courtesy of groups like the National Association of Insurance Commissioners.

Insurance Requirements for Small Business

All small businesses are required to have Workers' Compensation, Unemployment Insurance, and sometimes Disability Insurance. Other requirements for small business insurance vary by industry, as well as local, state, and federal law.

What constitutes a small business?

The exact definition of a small business varies by industry, but according to the Small Business Administration, it's usually 500 employees or less for mining or manufacturing, and $7.5 million or less in revenue for other industries. Note that there are many exceptions to this rule, and they are listed in detail on the Small Business Administration's website.

 

1. "Insure U Get Smart About Insurance." Accessed April 14, 2016. http://www.insureuonline.org/smallbusiness/.

2. "Insurance Requirements for Employers." The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/managing-business/running-business/insurance/insurance-requirements-employers.

3. "Summary of Size Standards by Industry Sector" The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector.

Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Logo

Salt Lake Office

448 South 400 East
Salt Lake City, UT 84111

Ph: 801-364-3434
Fx: 801-355-5234

Las Vegas Office

Las Vegas, NV 89118
Ph: (702) 877-1760
Fx: (702) 877-0937

© Copyright. All rights reserved | Powered by Insurance Website Builder