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In 2024, Utah won the award for the most business-friendly state in America for 17 years in a row. Some other polls rank it as the second-best state for small businesses. That’s why more than 300k small startups are operational in the Mormon State as of today.
However, many small businesses face challenges like bad weather, economic recessions, arson, cybersecurity breaches, disgruntled employees, and much more. That’s why a lot of businesses in the United States are getting ample insurance coverage. This blog will cover 8 amazing business insurance providers you can look for to cover any damage.
NEXT Insurance
NEXT Insurance offers BOP, commercial auto liability, general liability, workers’ comp, tools & equipment, errors & omissions, etc. Data says that 90% of businesses lack confidence in the type of insurance coverage they’re getting. So, NEXT Insurance covers several industries in the United States, offering Utah-based businesses amazing options in insurance. From education and cleaning to construction and retail, many niches benefit from this insurance provider. Also, they have a website where you can go for quotes. Also, you can easily purchase insurance policies on their website along with downloading insurance certificates (CIs) immediately.
Hiscox
Even though Hiscox started in 1901 as an Anglo-Bermudian firm, it entered the US about 40 years back, expanding into different cities in 2006. With its major branch located in Chicago, Illinois, Hiscox offers diverse insurance policies for small businesses based in the Beehive State. Hiscox is famous for their excellent customer service and swift response time, helping you get insured in a quarter of an hour. They have 5 major coverage options, namely: contents insurance, buildings insurance, legal expenses insurance, professional indemnity insurance, and public liability insurance. Hiscox is known for their client-centered approach that allows for cutting-edge solutions, multiple payment options, and an online platform for policy management simplification.
Tivly
Next, we have Tivly, an online marketplace where small business owners can get their hands on over two hundred providers of insurance. Tivly is an amazing digital platform, not an insurance provider itself. They offer free quotes and quick insurance. You can use their insurance to keep your business safe from shutdown, arson, theft, vandalism, malpractice, property loss, etc. So, their services are greatly appreciated by businesses belonging to diverse niches. Based in the prestigious Oklahoma City, Tivly offers amazing services, offering commercial umbrella to errors & omissions. Whether you’re a carpenter, chiropractor, trucker, or vending machine operator, Tivly can accommodate your insurance coverage needs.
InsuranceBee
Let’s not forget about InsuranceBee, which is yet another amazing insurance company for Utah entrepreneurs. Based in Maynard, MA, InsuranceBee’s services are not available in some US states. However, Utah is lucky to have them! You’ll get custom-designed insurance options from InsuraneBee. Also, they offer BOP, cybersecurity liability, general liability, workers’ comp, etc., from commercial bonds to management liability, you’ll get pretty amazing services from this provider. They have zero-obligation, charge-free quotes, along with services by local, licensed agents.
Thimble
Thimble operates in every single US state, offering same-day coverage to businesses. The journey of this business started as Verifly, which was a drone insurance seller company. But it has since pivoted to several other business insurance types, offering general/professional liability, business equipment protection, commercial property insurance, BOP, cybersecurity insurance, etc. Thimble is basically an app that you can use to manage your insurance policy, offering an online quoting system, responsive file claiming, a smooth policy buying system, and much more.
Valley Insurance Utah
Valley Insurance has been providing ample business insurance coverage to Utah residents for three decades now. They also know Utah-based communities from in and out! Moreover, they are licensed advisors and will provide individualized service to their clients based in the Beehive State. Based in Utah’s Taylorsville and Heber City (but with headquarters in Salt Lake City), this company, Valley Insurance, offers you the following services:
- Business Auto Insurance
- Commercial Umbrella Insurance
- Cyber Liability Insurance
- Business Owners Insurance
- General Liability Insurance
PGIA Insurance
PGIA has been serving Utah since the mid-’90s. They provide their services in different cities like Salt Lake City, Park City, Moab, etc. Whether you need commercial auto, garage liability, general liability, or something else, PGIA Insurance will accommodate your needs. Though they are part of the Berkshire Hathaway group of companies, the guys at PGIA will still provide you with personalized services. However, their services are available in 7 states only (with Utah included). That’s why we have rated it at the bottom.
Huckleberry by Paychex
At Huckleberry, you can get comprehensive business insurance online in just 5 minutes. You can also receive quotes that don’t require your commitment. From Salt Lake City to Provo to St. George, Huckleberry will provide you with ample coverage in multiple cities. Some of their most popular coverage options include workers’ comp, BOP (business owners’ policy), commercial property insurance, general liability insurance, & business interruption insurance.
Brief Overview of Leading Business Insurance Providers
The table below describes how Utah’s leading eight insurance companies differ by product and unique selling features.
| Insurance Firm | Products | Unique Selling Features |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Business Owner’s Policy (BOP) | Digital-first insurance management, quick policy purchase within 10 minutes |
| Hiscox | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Security Insurance | Tailored coverage for small businesses, streamlined online policy management |
| Tivly | General Liability, Professional Liability, Commercial Auto Insurance, Workers’ Compensation | Marketplace with access to 200+ insurance affiliates, quick coverage matching |
| InsuranceBee | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Liability, Workers’ Compensation | Tech-savvy, fast quotes and coverage for freelancers and small businesses |
| Thimble | General Liability, Professional Liability, Business Owner’s Policy (BOP) | On-demand coverage (hourly, daily, monthly, yearly), instant Certificate of Insurance issuance |
| Valley Insurance | Home, Auto, Business, and Life Insurance, Personal and Commercial lines of coverage | Independent agency serving Utah communities for over 30 years, representing multiple carriers |
| PGIA Insurance | Garage Liability, Commercial Property, Inland Marine, Professional Liability, Workers’ Compensation | Offers a wide range of commercial insurance products, coverage options for various industries. |
| Huckleberry Insurance | Small Business Insurance. | Affordable, online quotes in 5 minutes, no paperwork, instant coverage, no-commitment quote, easy online process. |
Top Utah Cities for Business Insurance
The following cities in Utah provide the required infrastructure support and economic environments suitable for finding business insurance solutions.
- Salt Lake City
- West Valley City
- West Jordan
- Provo
- St. George
- Lehi
- Orem
- South Jordan
- Sandy
- Ogden
- Layton
- Taylorsville
- Draper
- Logan
- Bountiful
Utah Government Resources for Business Insurance
You can get additional information about business insurance requirements in Utah through these government resources.
- Utah Insurance Department | Business Insurance
- Lake Point Insurance Agency
- US Small Business Administration | Utah
Conclusion
So, are you ready to get the insurance coverage you need to keep your business afloat in the Beehive State? Our careful selection of Utah-based insurance providers will help you find the best policies. You should also look for Nevada’s business insurance solutions and business insurance providers in Idaho, expanding your business to these nearby states.
Also, if you need business funding, ample financiers are available in Utah to accommodate you. We have created a list of private and government funding options to support your business. Do visit Sophisticated Investor for the latest insights on protecting and growing your business.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
