What is the minimum total general liability insurance coverage required for licensure?

The requirement for a minimum total general liability insurance coverage for licensure helps to protect both the business and its clients. In Utah, the legal stipulation mandates a minimum coverage of 1 million dollars. This amount is established to ensure that there is adequate financial backing in case of claims related to bodily injury, property damage, or other liabilities that may arise during the operation of a burglar alarm business.

Having a coverage level of 1 million dollars reflects a standard that provides peace of mind to customers, illustrating that the company is financially stable and capable of handling potential risks. Higher coverage amounts, while beneficial, are not required for licensure, hence the focus on the minimum standard of 1 million as necessary to operate legally and responsibly in the industry.