Business insurance can shield your business from financial losses related to a number of hazards, such as tornadoes, liability lawsuits, and disaster-related long-term closures. Although business insurance is not required by law, some types of business coverage may be. Most employers in Kentucky are required to have workers’ compensation insurance. And if your business owns vehicles, commercial auto insurance is mandatory. An independent insurance agent can help you put together a comprehensive business insurance package that meets your coverage needs as well as all applicable state laws.
Many factors can influence how much a business insurance policy will cost for your company. Rates vary according to the size and type of business you own, the value of your commercial property, the liability risks in your industry, and the number of people you employ. There are many different policies and options that you can choose from as you customize your business insurance coverage package. An independent insurance agent can help you be sure you are getting competitively priced coverage to protect against all of your company’s exposures.
I like independent agents because they have a choice. TrustedChoice.com was fair, fast, and priced right. They were easy to deal with. I searched for an independent agent online, and the process was easy. I ended up going with one of the recommendations from them. I paid the bills, they sent me my statement, and they sent me my bond.Troy of Elizabethtown, KY Consumer Affairs
Insurance companies understand that coverage needs vary from one company to the next. That is why they make it easy for Kentucky’s business owners to fully customize their commercial insurance portfolios. An independent insurance agent can take the time to explain your various coverage options and can ensure that your policy does not leave you with any unintentional coverage gaps. A typical business insurance policy in Kentucky will provide the following:
Be aware that your business insurance policy will not provide coverage against flood damage. If your business is at risk, a local independent agent can help you supplement your business insurance with a government-backed commercial flood insurance policy through the National Flood Insurance Program (NFIP). Talk to your insurance agent to learn more.
There are currently 331 independent insurance agencies in Kentucky that are ready to help. These agents can save you time and money by helping you find reasonably priced coverage that is custom-built to meet the specific coverage needs of your Kentucky business. Talk to an insurance agent near you to get more information and to start comparing commercial insurance quotes.