There are thousands of small businesses in the state of Kentucky that successfully operate day-to-day. In total, there are over 347,000 companies in the Bluegrass State. Regardless of the type of business, every business owner understands that in order to protect it, it is necessary to have commercial insurance. Choosing the right business insurance policy may be a tricky task, especially if you have never done it before. In order to help you make the right decision, Justice Couch Insurance serving customers from Kentucky and surrounding areas has prepared the list of things you should know about commercial insurance:
- In the Bluegrass State commercial insurance is not required by law. However, it is highly recommended to have it because it provides protection from claims of property damage, personal or advertising injury, and bodily injury.
- According to the Kentucky law, every business owner who has one or more employees (either part- or full-time) must carry workers' compensation insurance. It is insurance that protects employees and provides them with medical care, disability, death, or rehabilitation benefits if they are injured or killed while performing their duties at work.
- All business-owner vehicles must be covered by commercial auto insurance. Even if you use your personal car for commercial purposes, a standard auto insurance policy will not cover it.
- Every business is unique, which means that the choice of a commercial insurance policy depends on the type of business and industry. Some businesses might require additional policy or extra coverage. For example, if you are a photographer you may want to add commercial equipment insurance.
Commercial insurance is something that every business should have because it is a guarantee of financial protection and security for both business owners and their employees. If you are a business owner from the Bluegrass state and you need some help with choosing the right policy, Justice Couch Insurance will be glad to assist you. Do not hesitate to give us a call and talk to one of your agents.