Find policies that match Kentucky's requirements
Save money by comparing quotes from top-rated insurance carriers.
Choose from the nation's best insurance providers
Get the right commercial insurance for your Kentucky business
Learn about Kentucky's business requirements
Explore resources and expert policy recommendations
Complete one application to compare multiple quotes
Which insurance policies are recommended for Kentucky businesses?
Small businesses in Kentucky most often buy these types of insurance.
General liability insurance
This policy is important for all Kentucky businesses. It covers common risks, including customer injuries. Most commercial leases require this business liability insurance.
BEST FOR
- Customer bodily injuries
- Damaged customer property
- Libel and other advertising injuries
Workers’ compensation insurance
Kentucky requires workers' comp insurance for businesses that have one or more employees. It also protects sole proprietors from work injury costs that health insurance might deny.
BEST FOR
- Employee medical expenses
- Partial missed wages
- Lawsuits over employee injuries
Commercial auto insurance
This policy is required for business-owned vehicles in Kentucky. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
BEST FOR
- Accidents involving business vehicles
- Theft of a business vehicle
- Damage to a company vehicle
Business owner’s policy
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Kentucky business.
BEST FOR
- Customer injuries
- Damaged customer property
- Damaged business property
Professional liability insurance
This policy, also called errors and omissions insurance (E&O), protects professionals whose work depends on their expertise. It covers lawsuits over mistakes and missed deadlines.
BEST FOR
- Work mistakes and oversights
- Professional negligence lawsuits
- Late or incomplete work
Errors and omissions insurance
E&O, sometimes called professional liability insurance, is common with professional services in Kentucky. It can cover the cost of lawsuits related to your work performance.
BEST FOR
- Missed deadlines
- Accusations of negligence
- Errors and oversights
Cyber insurance
This policy helps Kentucky businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
BEST FOR
- Customer notification expenses
- Fraud monitoring services
- Data recovery
Commercial umbrella insurance
Umbrella insurance boosts coverage on your general liability insurance, commercial auto insurance, and employer's liability insurance when the underlying policy reaches its limit.
BEST FOR
- Customer lawsuits
- Auto accident lawsuits
- Employee injury lawsuits
Commercial property insurance
This policy covers the value of a business's physical structure and its contents, such as inventory, equipment, and furniture. Bundle it with general liability coverage in a BOP for savings.
BEST FOR
- Fire
- Theft and vandalism
- Weather damage
Looking for different coverage? See more policies.
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Which business insurance policies are required in Kentucky?
State laws can affect which business insurance coverage you need. These policies are required everywhere in Kentucky, from Louisville to Lexington.
Workers' compensation insurance
Kentucky state law [PDF] requires all employers – whether they are running a private or a government organization – to have a workers' compensation insurance policy in force. Even if your company has only one part-time employee, you are legally obligated to provide occupational injury coverage for that worker.
This policy covers medical costs for work-related injuries and illnesses. It also provides disability benefits to injured Kentucky workers.
Commercial auto insurance
All business-owned vehicles in Kentucky must be covered by commercial auto insurance. This policy covers the cost of accidents in work vehicles.
Kentucky's minimum auto liability requirements are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- and $10,000 personal injury protection (PIP)
As another option, a business owner in Kentucky could opt for a policy with a single limit of $60,000 and basic reparations benefits (PIP).
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy (BOP).
How much does small business insurance cost in KY?
Commercial insurance can be affordable for small business owners. Average costs in the Bluegrass State are:
General liability: $47 per month
Workers' comp: $49 per month
Professional liability/E&O: $59 per month
Factors that affect business insurance costs include:
- Your industry and risks
- Business operations
- Number of employees
- Insurance products purchased
- Policy limits and deductibles
How to get insurance for your Kentucky business
View video transcript.
We're on top of your small and medium-sized business insurance needs. We'll help you find policies that protect what you've worked so hard to build. Start here.
Tell us about yourself. Questions? We've got your back. The info you share is secure. We'll double-check it and a pro with experience in your field will be in touch.
Fast? You can compare quotes from leading insurance providers in seconds and get a certificate of insurance the same day.
Always online, always on your side. Helping protect your business.
When you are ready to get insurance for your Kentucky business, you can complete Insureon's easy online application to get quotes from top-rated insurance companies.
FAQs about Kentucky business insurance
Review answers to frequently asked questions about Kentucky insurance.
How do I get a certificate of insurance for my business?
Insureon's licensed agents can help you find policies that fulfill Kentucky's business insurance requirements and match your type of business. Once you've purchased coverage with us, you can download a certificate of insurance by logging into your account.
Can my company be held liable for a data security breach?
Yes – that's why cyber insurance is so crucial. Hackers are three times more likely to target small businesses, as they often have fewer resources to combat a threat.
Kentucky's data breach laws require businesses to report security breaches to affected residents, and the costs can escalate quickly. Cyber liability insurance lessens the financial impact by paying for notification costs, legal fees, and fines.
Does my industry affect state insurance requirements?
Yes, your state may have special requirements for business insurance and bonds for your industry. You may also need a license depending on the work you do.
Contractors often need to carry general liability insurance or surety bonds to perform certain types of work. Having the right insurance and bonds helps you comply with state licensing requirements.
Real estate agents and brokers are required by state law to carry errors and omissions insurance (E&O), while other professionals who offer advice or services sometimes need this policy to get licensed.
Note that cities and counties may have their own laws, in addition to state laws.
How can I save money on Kentucky small business insurance?
As with any purchase, shopping around is one of the best ways to find an affordable option. With Insureon, you can compare business insurance quotes from top-rated providers by filling out a free online application.
Other ways to save include bundling policies for a discount, and choosing less expensive policy options, such as lower limits or a higher deductible. Learn more about how to find cheap business insurance.