Kentucky Business Insurance

Customized protection for your Kentucky business

Small businesses in Kentucky should consider carrying business insurance to protect from the financial stresses that can result from a variety of accidents involving your business, including a customer slip and fall or an employee injury.

There are 363,000 small businesses in Kentucky that employ over 706,000 people, making them an important part of the state’s communities and economy. These businesses are required by state law to protect their employees with workers’ compensation insurance.

Getting customized business insurance is simple with the Progressive Advantage^® Business Program. Our insurance experts can help set up a policy to properly protect your livelihood.

Types of KY business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Kentucky should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.

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Workers' Compensation

Businesses in Kentucky are required to carry workers’ comp insurance if they have one or more employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.

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Professional Liability

Kentucky businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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How much does business insurance cost in Kentucky?

The cost of business insurance in Kentucky is dependent on a variety of factors, such as your business’s size, location and specialization. For example, a business in Lexington with three part-time employees will have a different rate than one in Louisville with ten full-time employees.

The most important of these factors is the type of business you specialize in. For example, a landscaper who only does work at ground level is exposed to less risk than a tree trimmer who works high off the ground. These differences mean that the landscaper can expect a lower insurance cost.

Learn more about how business insurance rates are determined.

Kentucky business insurance requirements

Workers’ compensation insurance is required for Kentucky businesses that have one or more employees. While this applies to most businesses, there are a few exceptions. Agricultural employees and some domestic workers in a private home aren’t required to be protected under a workers’ comp policy. For more information on Kentucky’s workers’ compensation requirements, visit the Commonwealth of Kentucky’s Labor site.

While additional business insurance coverages aren’t required by law, it’s a good idea to consider them to protect your business. An unexpected incident might be difficult to handle without adequate insurance coverage.

Resources for Kentucky small business owners:

The Kentucky Small Business Development Center (KSBDC)
Kentucky Small Business Resources (Kentucky.gov)
2023 Kentucky Small Business Profile (U.S. Small Business Administration)

Kentucky professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why choose Progressive?

Options

We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts

As the #1 commercial auto insurer in America^*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience

There are several ways to get a quote, whether you need a single Kentucky policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.