Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Errors & Omission Insurance (E&O), is a type of professional liability insurance. It protects you from being legal claims that you made a mistake when offering your services. E&O covers your defense fees & settlement costs.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Liquor Liability Insurance protects a small business that manufactures, sells or serves alcohol. Small business owners are protected from claims that occur when a customer drinks too much and injures himself or someone else.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
How much Commercial Liability insurance in Kentucky should I carry?
Each situation is unique; therefore, the type of business you operate or the products you produce determine how much Commercial Liability insurance you need. A good rule of thumb for small business is around $500,000 to $1 million.
What are the minimum Business Insurance requirements in Kentucky?
If you own a property or valuable assets, a General Liability insurance is mandatory for your Kentucky small business.
How are premium costs assessed in Kentucky?
Premium costs are assed on a number of factors like the type of business, the service you provide, the number of people you employ and how many years you've been in the business.
Do I need Workers Compensation insurance in Kentucky?
By law, Kentucky will require you to carry Workers' Comp if you employ one or more persons. It doesn't matter if the employees work part-time or full time.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: