Liability Insurance Kentucky
Call (859) 412-4141 x8 to get your liability insurance quote.
Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Liability Insurance Kentucky
Liability Insurance Kentucky. In some situations, a person or business may unwillingly cause a person or party to be injured or damaged. If the affected person claims the damage, the individual or organization may undergo financial loss. For example, a mail carrier may slip on your icy driveway and get injured. He can sue you for pain, suffering, medical expenses and lost income. A customer gets sick from using one of your products and takes your business to court. You accidentally injure someone while driving and wind up in court, paying substantial legal bills.
No one is immune from such occurrences. Without adequate liability insurance Kentucky coverage, they can cause devastating effects to your business or career.
Liability insurance Kentucky protects your company from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
With court awards and legal fees getting more and more expensive, it is vital for everyone to get liability coverage from a trusted liability insurance Kentucky provider. The insurer’s duty is to defend you and cover legitimate claims posed against you up to a certain limit. All costs including your defense costs and the cost of settling claims are covered, and this provides you with invaluable peace of mind.
Liability insurance Kentucky protects you against loss if your actions, negligence, or a condition of your property causes injury or death to a person or property belonging to another person is damaged or destroyed. Without liability insurance, you would be on your own if you are found legally responsible for any number of reasons.
Below are the types of liability insurance Kentucky businesses and professionals need to have:
Workers Compensation Insurance
According to KY law, employers in Kentucky are responsible for the safety of their employees whenever they are at work. An employee may get injured while they work, or a former employee becomes ill due to the work they did while on your employment. Such employees may sue you or your organization and claim compensation if they believe that you are responsible. Employers’ liability insurance Kentucky ensures that you are protected from financial loss due to such claims. However, if your employee gets injured due to a motor accident, you may be covered by your motor insurance against any compensation claims. Employee liability insurance is compulsory in KY for any employees of a business that are not owners, and you can be fined for not having a current insurance policy that complies with KY state laws.
Public Liability Insurance
Public liability insurance covers an individual, business, a contractor or even a community building from any costs of legal action if they are found responsible for injury or death of a person, or loss or damage of property. It covers you from claims made by members of the public or other businesses against you, but your employees can’t sue you. Unlike employers’ liability, public liability insurance Kentucky is not compulsory in most cases.
Nevertheless, businesses in all industries are recommended to have a public liability cover if there is a likelihood of being sued for negligence. In some cases, it is mandatory. For example, licensing authorities may require a business to have it to hold public events. This type of cover does not help you if you are involved in known criminal actions or hazardous activities.
The popularity of public liability insurance Kentucky is increasing, and it may be included in insurance policies. If you find out that you are covered for public liability in other insurance products, ensure that the amount you are covered is enough.
Product Liability Insurance
According to government statistics, defective and dangerous products cause thousands of injuries annually in the United States. Responsibility for such injury may be distributed among all people who are involved in the product chain. Parties exposed to product liability claims include the manufacturer, importer or distributor, the party who assembles and installs the products, the wholesaler and the retail store from which the customer got the product.
If you manufacture, import, sell or distribute products in KY, you should have product liability cover from your liability insurance Kentucky company of choice. It covers you for any damage or injury that may be caused by the use of your products. People who believe that they have been harmed by your product can sue you without having to prove that you were negligent or had the intention to cause harm.
Product liability insurance may also cover for claims made by a customer if they are harmed by the lack of adequate instruction on the use of a product. These claims might even be due to failure to warn on your product label. Therefore, this type of insurance is vital to any business that manufactures or distributes products.
Regardless of how many years of experience you or your firm may have, there is a possibility that one day you or one person in your team will make a mistake. It might be professional negligence, loss of data, unintentional breach of confidentiality or defamation.
Professional indemnities (also know as errors and omissions (E&O) and professional liability) are designed to protect professionals such as doctors, lawyers, chartered accountants, architects, etc... from legal liabilities to pay for any damage caused by their negligence as they perform their professional duties. Someone may sue you if he/she suffers a loss after applying your professional advice or receiving your service. Different types of professional indemnities are designed for different professions. For instance, the medical profession has medical insurance indemnity as a requirement for professional registration or licensing.
With respect to industry bodies regulatory requirements, professional indemnity liability insurance Kentucky is mandatory especially for professionals such as accountancy, surveying, engineering to name but a few. Also, professionals working on contract terms such as IT consultants, business and management consultants will certainly need PI insurance to get a contract. However, large or small a professional business is, without PI insurance the business is left vulnerable to financial and reputation compromise.
KY General Liability Insurance By Industry
- Business General Liability
- Business Liability KY
- Business Owners Policy (BOP)
- Certificate of Insurance
- Commercial General Liability
- Comprehensive General Liability
- Directors and Officers Liability
- General Liability
- Home Based Business
- Independent Contractor
- Liability Insurance
- Liability Insurance Certificate
- Liability Insurance Kentucky
- Professional Liability
- Small Business
Contractors and Home Improvement
- Concrete Contractors
- Contractor Liability
- Drywall Contractor
- Excavation Contractor
- Flooring Contractor
- Framing Contractor
- Glass Contractor
- Masonry Contractor
- Siding Contractor
- Snow Plow
- Swimming Pool Contractor
- Tree Trimming
- Welding Contractor Insurance
- Apartment Building
- Commercial Property
- Inland Marine
- Mobile Home Park
- Non-Residential Building Operators
Advertising, Marketing and Media
- Appliance & Electronics Store
- Art Gallery
- Auto Service Repair
- Auto Supply Parts Store
- Book Store
- Clothing Store
- Equipment Rental
- Funeral Home
- Hotel Motel
- Paint & Wallpaper Store
Health and Beauty
- Barber Hair Dresser
- Beauty Salon
- Day Spa
- Massage Therapy
- Tanning Salon
Information Technology and Internet
Food and Drink
Medical and Dental
Manufacturing and Wholesale
- Food Manufacturing
- Leather Manufacturing
- Medical Manfacturing
- Plastic Manufacturing
- Product Liability
- Wholesaler Distributor
Sports and Fitness
Children and Pets
Miscellaneous and Non Profit
Arts and Recreation
- Big Rig Truck
- Bobtail Non-Trucking Liability
- Commercial Auto
- Commercial Van
- Dump Truck
- Food Truck
- Owner Operator
- Pizza Delivery
- Tow Truck
Kentucky General Liability Insurance Information
KY Commercial Insurance Articles
- Best Business Insurance
- Cheap Small Business Insurance
- Commercial Insurance Brokers
- Commercial Insurance Quotes
- Commercial Liability Insurance Quotes
- General Liability Insurance Cost
- What Is General Liability Insurance?
Why You Need KY Liability Insurance
Even if you are not legally obliged to have liability insurance Kentucky, without it you are at risk of paying thousands if not millions of dollars in compensation and legal fees whenever suit is brought against you in court. This is in addition to the opportunity cost of lost time and resources when you are defending the allegations against you. There are many listed liability insurance Kentucky companies that can provide you with adequate liability cover for your business and profession. You need it sooner than later so that you can enjoy peace of mind as you focus on providing your customers with the best products and services and growing your business.
Request a free Liability Insurance Kentucky quote in Lexington, Louisville, Bowling Green, Ownesboro, Covington, Hopkinsville, Richmond, Florence, Georgetown, Henderson, Elizabethtown, Nicholasville, Jeffersontown, Frankfort, Paducah, Independence, Radcliff, Ashton and all other KY cities. Also see Liability Insurance Pennsylvania, Liability Insurance New York, Liability Insurance New Jersey, Liability Insurance Delaware, Liability Insurance California