Do You Know How to File a Commercial Insurance Claim?

Commercial insurance coverage protects your Sandy, UT business against accidents and disasters that occur on your property. As a business owner, you should be fully aware of what your coverage has to offer. You should also know how to file a claim to expedite recovery from a loss.

The following steps can help when filing for a business insurance claim.

1. Plan Ahead

By planning ahead, you can be prepared to handle the fallout of accidental injuries or damage to business property. Having digital cameras on hand will make it easier to record the aftereffects of an event to substantiate a claim. Various employees can be designated the job of recording incidents that occur to ensure it gets done. Surveillance cameras around the entrance, exit, and parking lot of your business will help document incidents of vandalism and theft.

Ask your Wasatch Preferred agent to provide you with standard report forms to facilitate making a claim when the time comes. These forms should be made available to employees so they can easily document accidents that happen on the job.

2. File a Claim

When accidents occur, notify your insurance agent right away. Accidental fire, theft, auto accident, disaster damage, or liability injuries should be reported immediately to be eligible for coverage. Criminal activity such as theft or vandalism should also be reported to the police.

Work with your agent to file a claim. Your claim will be forwarded to your insurer who will assign an adjuster for processing. If you have photos, video, or inventory of damages, these should be included in your claim.

3. Follow Up

Follow up with your adjuster and agent to stay abreast of your claim. Working closely with your Wasatch Preferred insurance agent in Sandy, UT is key to getting quick, effective results from your commercial insurance claim.

Getting the Right Umbrella Coverage for Your Business or Personal Needs

We all understand the importance of insurance coverage for our homes, vehicles, and even our lives, but for many individuals and business owners, these policies do not reflect the necessary comprehensive policies. Liability can sometimes encompass situations that are not fully covered by standard policies.

Umbrella Insurance and Your Needs

If you are in a position of public importance or your business serves the greater regions of Salt Lake City, UT, it may be time to look into umbrella coverage for both your personal and business needs. The professional agents at Wasatch Preferred in Sandy, UT are here to offer the direction that you need to ensure that you have adequate coverage in place. 

These policies offer a wide range of protection in our sometimes overly litigious world. The level of liability insurance that is included in typical auto, homeowners, and commercial policies may not be sufficient in all instances. An umbrella policy can provide further protection in situations where you may have personal liability, or your business has found to be at fault. 

Clients of Wasatch Preferred are advised to discuss their comprehensive liability needs with their agent during their next policy review. If you are not yet a client of the agency, we will welcome the opportunity to work with you!

A comprehensive umbrella policy may shield you from claims filed against you personally or your business related to slander, unforeseen events such as your dog biting a neighbor, or the extended coverage that they offer that goes beyond typical homeowners’ policies.

Wasatch Preferred is your full-service insurance provider in the greater Salt Lake City, UT area. If you are in need of umbrella insurance, either for personal or business needs, call us today to schedule an appointment with one of our qualified agents!

How Can Students Use Life Insurance to Pay Off Debt?

When it comes to life insurance for young graduates, there are many reasons why they likely don’t consider getting a policy for themselves. But people with outstanding debt may not realize just what it would mean to the people in their lives if something suddenly were to happen to them. We want those in Salt Lake City and Sandy, UT to see how they can be helped by life insurance when it comes to their student loans. 

Contractual Obligations 

Sometimes student debt will still need to be paid should something happen to the debtor, and that person may or may not have the money to cover it all. Usually, it’s the spouse of the graduate, but it may be the co-signor or another party. Each contract is different, but few people want to take the time to consider what might happen in a catastrophic event. Having life insurance is a way to not put any more financial stress on the people in your life. Wasatch Preferred has been helping young people find policies that not only fit with their student loans, but that also fit with their current expectations regarding their lifestyle. 

Reach Out for Help 

Many young people make a variety of assumptions about life insurance that simply aren’t true. They may think that they don’t need it, or think that it’s not possible to fit in with the rest of their obligations. Reaching out not only gives you a chance to ask all the questions you need but the chance to understand the ways in which life insurance may be more beneficial than you think. If you live in Salt Lake City or Sandy, UT, give Wasatch Preferred a call. We can take you through the process to teach you what you need to know, and how life insurance can make everything easier for the people in your life. 

Solar Power and Home Insurance

If you want to install solar panels, you will want to know if your home insurance provides coverage for them. After all, home insurance is quite expensive, and you will want to make sure you are being provided the coverage that your home requires. Let’s take a look at whether or not solar power increases insurance coverage with Wasatch Preferred in Sandy, UT.

Things to know about solar power

If you are going to power your home using solar power, it is highly advised that you have the solar panels installed on your roof. Once the panels are in place, they will most likely be considered a part of your home, therefore, meaning they are covered by most home insurance policies. In fact, adding the panels to your roof likely means you won’t even have to add a ‘rider’ to your policy, and it generally will not increase your premiums. 

Even though many home insurance policies will cover solar panels if they are installed on your roof, there are certain types of panels that require additional coverage. For example, ground-mounted solar panels will more than likely require that you add a ‘rider’ on your policy. Solar panel carports will many times also require a ‘rider’ to be added to your policy. 

Once you add a solar panel system to your home, remember that you may need to increase the overall maximum coverage limits of your policy. Solar panels are expensive and depending on how many you have installed; you may require more coverage to ensure a payout would be adequate if a claim is filed. 

To learn more about solar panels and home insurance, please don’t hesitate to contact Wasatch Preferred serving the Salt Lake City and Sandy, UT areas today. 

Workers Compensation Insurance is for Your Small Business Too

No matter if your business in Salt Lake City, UT builds airplanes, operates a mine, or an office, you need a good commercial insurance policy which can be provided by Wasatch Preferred. Once you have insured your property and investments, don’t forget that you will also need a good workers compensation policy to protect your employees–no matter what their job might be. From retail shops to restaurants, your business can be protected against excessive medical expenses when one of your workers suffers an accident related to their job.

Required by Law

Federal law requires that every employer protect their staff against on-the-job injuries. While your small office may not be subject to the hazards found on a construction site, there is still every possibility that responsible employees can be hurt from a slip and fall, while lifting heavy boxes, or changing a light bulb. Not only will workers comp ensure their medical needs are taken care of, it protects the company from excessive payments and expenses.

It Helps Your Office Staff Cope with Repetitive Injuries

Workers comp can also extend to those persistent injuries often caused by repetitive motions, such as typing, factory tasks, or standing for long periods of time. Your employees can have their health addressed, improving productivity and extending their time as an employee. It might seem like an additional expense for your small business, but there are many ways that it helps to support both the wealth of the company and your most valued workers.

If you have any questions about workers compensation insurance for your Salt Lake City, UT business, don’t hesitate to contact one of our fully-trained agents at Wasatch Preferred in Sandy, UT to find the policy that meets federal minimums while keeping an eye on your operational budget.



Mitigate the Risks with an Umbrella Insurance Policy

You have probably heard about the importance of umbrella policies. There are very many options you can choose from that are specific to your various needs. There are also many advantages to choosing an umbrella coverage. It is imperative for anyone weighing his/her options to understand what a particular coverage entails. Other insurance policies do not cover some possible threats, and it is equally important to find out what is covered and what is not. The following are some of the risks that an umbrella coverage addresses with a policy from Wasatch Preferred in Sandy, UT.

Personal injury from recreational activities

  • While this may seem unlikely to some, there is a chance that someone may be hurt in your premises. This injury will make the property owner (you) liable. This also includes any property damage or any other loss that might be experienced from amenities such as swimming pools, hot tubs, and trampolines.

Legal fees

  • In any case, in which you are required to defend yourself, an umbrella policy can cover your lawyer fees.

Auto vehicle liabilities

  • Some accidents are very costly, well above your liability limit. Hence, this is especially resourceful when there are higher chances of such damages like having a young driver on your policy.

Rental property hazards

  • An umbrella policy will also protect any rental property you own. Just like your home, your rental property can give rise to costly accidents that you shall be held responsible for.

In essence, an umbrella coverage offers extra protection beyond other policies you own. Thus, if you are looking to protect your assets, finding more information on umbrella policies in Sandy, UT is imperative. Wasatch Preferred is an ideal place to start when seeking to increase your protection.

5 Signs You Need Life Insurance Now

Life insurance isn’t an enjoyable thing to think about, but the longer you put it off, the worse it will be. Even those who are sure they do not need life insurance may want to think again. Wasatch Preferred wants the people of Salt Lake City, UT  to have the full story of how it all works. 

Someone Depends on You 

  • Whether it’s your kids, your spouse, your nieces, or your parents, there are probably a few people in life who rely on you. Having life insurance is the best way to ensure those in your life are covered. 

You Just Graduated 

  • When you graduate from college, your whole life is ahead of you. This is a great time to not only plan for the future but also to lock in affordable rates while you’re young. 

Retirement Is Close at Hand 

  • Life insurance is not only a way to provide you with comfort about what will happen in the future, it’s also a good way to prepare for the present. Life insurance can often be used as a smart means of budgeting your funds and investing. 

You Bought a Home 

  • Buying a home is a major purchase, and one that needs more than just home insurance. Life insurance can pay all the regular bills and maintenance fees that may pop up after an event, so the house stays standing. 

You Want Security 

If you don’t feel as though you have back-up plans for what’s in store for you, now is the time to call Wasatch Preferred. We can help you decide if the time is right for you to get a policy. Let us do the work. If you live in Salt Lake City, UT, give us a call today! Our agents can answer your questions and help you get started.

Broken Windows and Failing Foundations: How Home Insurance Can Help

When something happens to your home, it’s typically a public thing. Most people can see a broken window or identify a housing structure that doesn’t look completely stable. Normally, people associate these types of things with run-down neighborhoods, but that’s not always the truth. If everyone recently went through a storm in Sandy, UT for example, then you might see even the nicest homes looking a little worse for wear. Wasatch Preferred knows that home insurance is what makes it easier to get your residence back up to par.  

Giving You a Helping Hand 

Insurance won’t be able to take care of all of the details for you if you’ve suffered from an event under your policy, but it can most certainly help with a lot of them. When you have the financial help you need, you can start getting your home back in order a lot faster than if you were responsible for everything on your own. Along with dipping into your savings, you also have to be weary about who you hire. The wrong contractor can end up making your home worse instead of better, which can lead to financial headaches for many years to come. 

Looking for Help 

Wasatch Preferred is here for the residents of Sandy, UT and as far as Phoenix, AZ in both the good times and the bad. Whether the weather is bright and sunny or storm clouds are rolling in, we want everyone in the city to stay safe under their roofs. Give us a call today if you think you may need more coverage, or if you just want to ask us a few questions about what happens during the claim process. We can tell you what different sections of your policy mean in the real world. 

Types of Commercial Insurance You Need to Protect Your Business

Business owners face difficult and unique circumstances that require specialized insurance tailored to their needs. Commercial insurance policies protect small and large businesses from unexpected events, including items dealing with liability and property damages. In Sandy, UT, Wasatch Preferred offers a variety of commercial insurance options for you to choose from for your business.

Types of Liability Coverage

  • General Liability Insurance – also known as Commercial Liability Insurance can be useful if someone is hurt or injured as a result of your business operation. For example, if a customer slips on a spill in your store, you may be liable for the cost of damages.
  • Product Liability Insurance – allows companies that manufacture products to feel secure if their products are defective and cause injuries to customers or clients. If airbags deploy unexpectedly, the auto manufacturer could be at fault. Product liability ensures that the manufacturer could be covered in this example.
  • Professional Liability – is insurance that includes companies who provide services. Protection could include claims made for negligence, malpractice, or errors.

Additional Coverage for Your Business

Commercial Property Insurance involves damages to your business property. There are two types:

  1. All-Risk – covers all damages except those that are specifically listed on the policy.
  2. Peril Specific – covers everything that is actually listed on the policy. Some examples that could be named in a peril-specific policy include fire, theft, and vandalism.

When you run a business from your home, Home-Based Business Insurance is a good option. Your homeowner’s insurance may not necessarily cover losses for a business-related property.

Talk with the professionals in Sandy, UT concerning your commercial insurance policy. Wasatch Preferred independent insurance agents can help your business succeed by modifying your current policy or beginning a new one to suit your needs. Give us a call or visit our office today!

Buying More than the Minimum Auto Insurance: Protecting Your Entire Lifestyle

Whether you’re buying a brand new car or one that is new-to-you, in Sandy, UT the law only requires that your auto insurance meets minimum liability standards. It might be an affordable means to get your ride on the road, but should you have an accident, that insurance provides little protection for your savings account and lifestyle. Wasatch Preferred doesn’t want you to be uneducated when it comes to your auto insurance and what coverage is best for you.

Minimums Cover Just the Basics

If you are at fault in a fender bender, the minimum coverage will pay for repairs to the other vehicle and even an emergency room visit for the other driver’s bumped elbow. This doesn’t do anything for your vehicle. Even a minor repair will set you back a couple thousand dollars. If the other guy is driving a luxury sedan, it’s possible that your insurance won’t even take care of the fix to their car.

Comprehensive and Collision Help You Stay in the Game

When you add collision and comprehensive coverage to your policy, damages to your vehicle can be fixed when you pay a minimal deductible. When you have an unfortunate incident, which happens to everyone at some point, you won’t have to empty out your savings account to get your car back on the road.

Increase Your Liability Coverage and Leave Worry Behind

Medical bills have a way of skyrocketing when somebody gets seriously injured. When you raise your liability coverage, your insurance is able to cover the costs of surgery and expenses, instead of passing those costs along to you. Your children’s college funds or the family vacation savings can stay intact. It certainly removes some of the stress involved when you are in a major traffic incident.

Talk to our agents at Wasatch Preferred about all the options for your Sandy, UT auto insurance coverage today. You can also visit our website to try our online rating tool for all your auto insurance quote needs.