Insurance is something you buy to protect your business from costly claims. Slip and fall accidents or injury caused by your products or services can create expensive claims. Business liability insurance will protect your business.

Some insurance is required. For example, if you sign a lease, your landlord will likely require a general liability policy to protect the property. If you have any employees, you are required by law to obtain a workers’ compensation policy to protect them. Check with a commercial insurance agent for information about policies to protect your business from expensive losses.

Bottom Line

Getting a Utah business started is exciting, but don’t skip important steps such as registering your business or getting an EIN. These are important steps in making your business a legal entity in Utah. Follow your business plan and use it even after you start operations to make sure you stay on track with your objectives and goals.

Find Legal Answers For Your Small Business

Nolo offers hundreds of consumer-friendly do-it-yourself legal products written in plain English.