NEXT tops our analysis of Utah business insurance providers because of its strong customer service and comprehensive coverage. The Hartford and Simply Business are also reliable options for small business owners across the state.
Business Insurance in Utah
NEXT tops our Utah business insurance rankings with a MoneyGeek score of 4.64 out of 5.
Find affordable coverage that protects your small business in Utah below.
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Updated: August 25, 2025
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Key Takeaways
Small business owners can get the best business insurance in Utah from NEXT, The Hartford and Simply Business.
The best business insurance in Utah depends on your industry risks, employee count and preferred coverage limits.
To find the best coverage, assess your risks, compare multiple quotes, research provider service quality and maximize available discounts.
Best Business Insurance Companies in Utah
| NEXT | 4.64 | 4 | 1 | 2 |
| The Hartford | 4.60 | 2 | 2 | 3 |
| Simply Business | 4.49 | 5 | 5 | 1 |
| Nationwide | 4.47 | 8 | 2 | 4 |
| Coverdash | 4.41 | 6 | 6 | 2 |
| biBERK | 4.39 | 9 | 2 | 5 |
| Progressive Commercial | 4.33 | 3 | 7 | 5 |
| Thimble | 4.33 | 1 | 8 | 5 |
| Hiscox | 4.27 | 7 | 4 | 6 |
| Chubb | 4.26 | 10 | 3 | 4 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
The Hartford offers Utah's best general liability coverage and business owner's policies (BOP). NEXT leads in professional liability insurance and workers' compensation coverage.
| Business Owners Policy | The Hartford | 4.63 |
| General Liability | The Hartford | 4.60 |
| Professional Liability (E&O) | NEXT | 4.76 |
| Workers Compensation | NEXT | 4.61 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Utah Small Business Insurance Reviews
Our research identified the top three business insurance providers in Utah based on coverage quality and value. Here's what makes each company stand out for comprehensive protection that fits your business needs.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ of 5
4.5/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Cost of General Liability Insurance
$84This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$66This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5Ranked #4 nationallyOur Survey: Likely to Be Recommended to Others
4.8/5Ranked #1 nationally
The Hartford
Best for Affordability
MoneyGeek Rating
4.6/ of 5
4.5/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Cost of General Liability Insurance
$86This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$66This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
4.5/5.0Our Survey: Likely to Be Recommended to Others
4.5/5.0
Simply Business
Best for Coverage Availability
MoneyGeek Rating
4.5/ of 5
4.5/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Cost of General Liability Insurance
$92This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$68This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Research: Policy Management
3.7/5Our Survey: Likely to Be Recommended to Others
4.2/5
Cheapest Business Insurance Companies in Utah
The Hartford provides Utah's most affordable business insurance at $85 monthly ($1,021 annually). NEXT and Thimble round out the top three budget-friendly options, with rates of $86 and $90 per month respectively. Compare all providers and their rates in the table below.
| The Hartford | $85 | $1,021 |
| NEXT | $86 | $1,029 |
| Thimble | $90 | $1,078 |
| Simply Business | $93 | $1,110 |
| Progressive Commercial | $94 | $1,133 |
| Coverdash | $96 | $1,157 |
| Nationwide | $97 | $1,162 |
| biBERK | $100 | $1,198 |
| Hiscox | $103 | $1,233 |
| Chubb | $112 | $1,341 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Utah
Utah business owners can find the cheapest general liability coverage through NEXT at $84 monthly. The Hartford offers the second-lowest rate at $86 per month. Compare all provider rates in the table below.
| NEXT | $84 | $1,005 |
| The Hartford | $86 | $1,031 |
| Simply Business | $92 | $1,098 |
| Nationwide | $93 | $1,113 |
| Progressive Commercial | $96 | $1,147 |
| Coverdash | $99 | $1,186 |
| Thimble | $103 | $1,231 |
| Hiscox | $109 | $1,310 |
| biBERK | $109 | $1,311 |
| Chubb | $114 | $1,363 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Utah
NEXT offers the most affordable professional liability insurance (E&O) at $67 monthly ($806 annually). The Hartford provides another budget-friendly option for Utah businesses.
| NEXT | $67 | $806 |
| The Hartford | $68 | $820 |
| Progressive Commercial | $72 | $863 |
| Simply Business | $73 | $876 |
| Thimble | $73 | $879 |
| Hiscox | $74 | $888 |
| Coverdash | $74 | $890 |
| biBERK | $76 | $915 |
| Nationwide | $78 | $942 |
| Chubb | $85 | $1,015 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Utah
NEXT offers Utah's cheapest workers' comp coverage at $66 monthly ($788 annually). The Hartford and Thimble provide similarly competitive rates, making all three solid choices for affordable business coverage in the state.
| NEXT | $66 | $788 |
| The Hartford | $66 | $797 |
| Thimble | $67 | $808 |
| Simply Business | $68 | $811 |
| Progressive Commercial | $68 | $818 |
| Hiscox | $68 | $821 |
| Coverdash | $69 | $833 |
| biBERK | $72 | $861 |
| Nationwide | $77 | $923 |
| Chubb | $81 | $972 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Utah
Thimble offers the cheapest BOP rates in Utah, with an average monthly cost of $116 ($1,393 annually). Business owners can also find affordable BOP insurance with The Hartford, NEXT and Simply Business.
| Thimble | $116 | $1,393 |
| The Hartford | $120 | $1,434 |
| NEXT | $127 | $1,519 |
| Simply Business | $138 | $1,657 |
| Nationwide | $139 | $1,672 |
| Progressive Commercial | $142 | $1,703 |
| biBERK | $142 | $1,706 |
| Coverdash | $143 | $1,720 |
| Hiscox | $160 | $1,916 |
| Chubb | $168 | $2,013 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Utah?
Business insurance in Utah ranges from $70 to $139 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $139 |
| General Liability | $98 |
| Professional Liability (E&O) | $74 |
| Workers Comp | $70 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
Business insurance costs in Utah vary significantly by industry and coverage type. Our research shows workers' compensation for speech therapists costs just $6 monthly, while pressure washing businesses pay $1,285 monthly for a business owner's policy.
Data filtered by:Results filtered by:
Select
Coverage Type:Business Owners Policy
Select
Industry:Accountants
| Accountants | Business Owners Policy | $31 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Want to know why your premiums are so high? We listed several factors that impact your premiums:
Industry Risk Level
Your business type determines your insurance costs more than any other factor. In Utah, construction companies and mining operations face much higher rates than consultants because their work involves greater physical risks. A construction contractor might pay $500 monthly for coverage, while an accounting firm pays under $50.
Geographic Location and Weather Risks
Utah businesses face moderate weather-related insurance costs compared to other states. According to NOAA data, Utah ranks among the lowest states for billion-dollar weather disasters. However, businesses in wildfire-prone areas or flash flood zones pay higher rates than those in urban Salt Lake City.
Business Size
Your employee count and revenue directly affect your insurance costs. Workers' compensation rates are calculated per $100 of payroll, while liability coverage costs reflect your customer volume. A retail store with 15 employees and high foot traffic pays substantially more than a solo consultant working remotely.
Claims History
Your claims record follows your business for years and can quickly increase your premiums. Filing even one liability claim affects rates across multiple coverage types. Insurance companies reward claim-free businesses with lower rates, often offering discounts after three years without incidents.
Coverage Types and Limits
Your premium reflects both the types of coverage you choose and your coverage limits. Higher limits increase costs, but bundling coverage through a business owner's policy often saves money. Utah businesses commonly combine general liability, property, and business interruption coverage for better rates.
Years in Business
New Utah businesses start with higher premiums since insurers lack data to assess their risk level. Operating for several years with no claims typically leads to lower rates. Most insurers reduce premiums after three years of clean claims history.
Professional Certifications
Safety certifications and professional licenses can reduce your insurance costs in Utah. OSHA safety training certificates show insurers you prioritize accident prevention. Industry-specific certifications, particularly in construction and healthcare, often qualify for premium discounts.
Utah Business Insurance Buying Guide
Running your business takes most of your energy, making tasks like getting business insurance feel overwhelming. Our guide breaks down everything Utah business owners need about coverage options and requirements.
What Coverage Is Required?
We've researched all Utah business insurance requirements so you don't have to. Check the section below for a complete breakdown of what your business needs.
Workers' Comp
Utah requires workers' compensation insurance for most businesses, with some flexibility for small operations and self-insurance options. You must carry workers' comp if you have one or more employees, including part-time and seasonal workers. Utah allows corporate officers to opt out if they own at least 10% of the company, and sole proprietors and business partners are exempt unless they choose coverage. The state also permits qualified businesses to self-insure if they meet financial requirements, making it more flexible than many states.
Commercial Auto Insurance
Small businesses that own vehicles or require employees to drive for work need commercial auto insurance. Utah requires all vehicles to carry at least $25,000 per person and $65,000 per accident for bodily injury, plus $15,000 for property damage. You'll also need personal injury protection coverage of at least $3,000, which covers medical expenses regardless of fault.
Unemployment Insurance
Utah requires unemployment insurance for businesses that pay wages of $1,500 or more in any quarter or employ one or more workers for 20 weeks during a calendar year. You must register with the Utah Department of Workforce Services and pay quarterly contributions based on your payroll and experience rating.
Professional Liability Insurance
If you hold a professional license in Utah for medical, legal, architectural or engineering work, you'll typically need professional liability insurance. Healthcare providers must carry malpractice coverage, while other professionals should check with their licensing boards for specific requirements. The coverage amounts vary by profession and practice type.
Contractor Bonds and Insurance
If you hold a contractor license in Utah, you'll need to carry liability insurance and post a surety bond. General contractors must carry at least $300,000 in liability coverage and post bonds ranging from $20,000 to $100,000 depending on their license classification. Specialty contractors have varying requirements based on their trade. This protects customers if you don't complete work as promised or follow licensing rules.
What Coverage Do We Recommend?
Utah makes business insurance regulations minimal, leaving you responsible for properly protecting your company. Our analysis shows the best coverage options for the state's leading industries:
Tech/IT | Professional liability (E&O), cyber liability, general liability, commercial property, intellectual property insurance, directors & officers (D&O), earthquake coverage, wildfire business interruption | Utah tech companies in Silicon Slopes face cyber attacks, intellectual property disputes and earthquake risks to data centers. Wildfire evacuations can disrupt operations, while rapid growth creates employment practices liability and investor disputes. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, earthquake coverage, wildfire coverage, avalanche risk coverage, high-altitude construction | Utah construction faces earthquake building codes, wildfire evacuation requirements and high-altitude construction challenges. Ski resort construction requires specialized coverage for avalanche zones, extreme weather conditions and seasonal access limitations. |
Restaurant | General liability, product liability, commercial property, equipment breakdown, business interruption, earthquake coverage, ski resort dining, altitude dining coverage, seasonal tourism coverage | Utah restaurants face earthquake damage, wildfire evacuations and seasonal tourism fluctuations. Ski resort dining requires specialized coverage for altitude-related health issues and seasonal revenue concentration during winter sports season. |
Excavation | General liability, workers' compensation, commercial auto, equipment coverage, environmental liability, mining support coverage, earthquake coverage, wildfire coverage, high-altitude operations | Utah excavation companies support mining operations and construction with environmental liability from mining waste and contaminated soil disturbance. Earthquake risks and wildfire evacuations can damage equipment, while high-altitude work creates specialized safety challenges. |
Manufacturing | General liability, product liability, workers' compensation, commercial property, business interruption, earthquake coverage, wildfire coverage, outdoor equipment manufacturing, supply chain interruption | Utah outdoor equipment, technology, and medical device manufacturers face earthquake damage, wildfire evacuation requirements and supply chain disruptions. Outdoor equipment manufacturing requires specialized product liability for extreme weather and altitude performance. |
Trucking | Commercial auto, cargo coverage, general liability, workers' compensation, earthquake coverage, wildfire evacuation coverage, mountain driving coverage, winter weather equipment, chain law compliance | Utah trucking companies face mountain pass driving hazards, wildfire road closures, and severe winter conditions requiring chains. The I-15 and I-80 corridor operations have elevated accident risks from steep grades and changing weather conditions. |
How to Get the Best Cheap Business Insurance in Utah
Running a small business in Utah comes with many insurance challenges. Here's how to secure reliable coverage while keeping costs manageable with these money-saving strategies:
- 1
Assess Your Business Risks
Start by evaluating your actual business risks rather than accepting standard insurance packages. A Salt Lake City restaurant needs strong liability and property coverage, while a St. George web designer might focus more on professional liability and cyber protection.
- 2
Compare Multiple Insurance Quotes
Insurance rates in Utah can vary between providers for the same coverage. Contact at least three insurance companies to compare prices and coverage options. Local agents often understand Utah business requirements better than national call centers.
- 3
Evaluate Insurance Provider Quality
When selecting an insurance provider in Utah, look beyond price. Check financial strength ratings and read customer reviews from other local businesses. A provider with experience in your industry can offer better guidance and faster claims processing.
- 4
Take Advantage of Available Discounts
Many Utah insurers offer significant discounts for bundling policies. A Park City retail store could save by combining general liability with property insurance, while implementing security measures can further reduce premiums.
- 5
Schedule Annual Coverage Reviews
Business risks change as your company grows or adds new services. A Provo tech startup that begins offering new services or hiring employees needs different coverage than when it started. Regular reviews ensure you maintain appropriate protection at competitive rates.
Utah Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Utah's best business insurance providers. What's best for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Utah: FAQ
Small business owners in Utah often face complex questions about insurance coverage and requirements, so we've gathered expert answers to common questions below.
What business insurance is required by law in Utah?
Utah requires workers' compensation for businesses with employees and commercial auto insurance for business vehicles (25/65/15 limits). Professional licenses and government contracts may require additional coverage.
How much does business insurance cost in Utah?
Business insurance costs in Utah range from $70 to $140 per month based on coverage type. Workers' compensation is the most economical at $70, while business owner's policies run $139. Actual costs depend on your industry, business size and claims history.
Which company has the cheapest business insurance in Utah?
The Hartford offers the lowest rates at $85 monthly in Utah, with NEXT ($86) and Thimble ($90) following close behind. Always compare quotes since rates vary based on specific risks.
What business insurance do I need for my small business in Utah?
Start with general liability insurance to protect against customer injuries and property damage. Add workers' compensation for employees and commercial auto for company vehicles. Tech startups need cyber liability, while contractors require equipment coverage.
What is the best business insurance company in Utah?
NEXT leads business insurance providers in Utah with a MoneyGeek score of 4.64 out of 5. The Hartford and Simply Business round out the top options.
Compare several insurance providers to ensure coverage that matches your business requirements.
Do small businesses in Utah need workers' compensation insurance?
Yes, workers' compensation insurance is mandatory for Utah businesses with employees. Only sole proprietors and independent contractors can opt out of coverage under state law.
What factors affect business insurance costs in Utah?
Your industry type significantly impacts costs. Construction businesses pay higher premiums than consulting firms. Location within Utah affects rates, with some areas having higher risks. Company size and claims history influence costs, while safety programs can reduce premiums.
How do I get cheap business insurance in Utah?
Compare quotes from multiple insurers like NEXT and The Hartford, assess your specific coverage needs and bundle policies when possible. Look for insurers with strong service ratings and stability scores.
What's the difference between general liability and errors and omissions (professional liability) insurance in Utah?
General liability covers physical incidents like customer injuries or property damage at your business location. Errors and omissions insurance protects against service-related mistakes, including poor advice or missed project deadlines.
Can I get business insurance quotes online in Utah?
All top insurance providers offer online quotes in Utah. Keep your business information ready for faster, accurate quotes. Complex businesses may need an agent for specialized coverage options.
How We Scored the Best Business Insurance Companies in Utah
Small business owners in Utah need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Utah entrepreneurs navigate challenges and the state's workers' compensation requirements.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50% of score): We compared rates across multiple carriers, factoring in annual premiums, deductibles and coverage limits. Lower costs for equivalent coverage earned higher scores.
- Customer experience (30% of score): Our analysis weighed claims handling, customer service responsiveness and online account management capabilities based on verified policyholder feedback.
- Coverage options (15% of score): We evaluated the range of coverage types, customization options and industry-specific endorsements each carrier offers Utah businesses.
- Financial strength (5% of score): We assessed each insurer's ability to pay claims using ratings from independent agencies that analyze financial stability.
This approach helps Utah small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- National Centers for Environmental Information. "Billion-Dollar Weather and Climate Disasters." Accessed August 25, 2025.
- Trustpilot. "Simply Business US." Accessed August 25, 2025.
- Trustpilot. "The Hartford." Accessed August 25, 2025.