Buying workers' compensation in Kentucky

Who needs to be covered by the policy, where you can buy it and how much it will cost are all mandated or influenced by state law. Your business must comply with the states where your employees perform work - not necessarily where the business was founded or is based. If your business operates in multiple states, or employees travel across state lines to work, you may need to modify your policy to guarantee coverage in the event of a claim.

KY

Kentucky

Here's what you need to get started

To buy workers' compensation insurance, you need to request a quote from a licensed insurance agent and provide some details about your business.
Here's what to have in front of you:
  • Number of employees in each class code
  • Total payroll for all employees You may be able to exclude yourself if you don't wish to be covered under the policy.
    Learn more about this >>
  • Federal ID Number If you are a sole proprietor, you can use your Social Security Number
  • Copy of your workers' comp insurance policy, if you've had coverage or claims in the past few years If you know your company's experience mod, please have your experience mod rating sheet or policy in front of you. Otherwise, you will be assigned a default rating of 1.0.

WHAT TO KNOW

  • You are required to carry workers' compensation insurance in Kentucky if: 
    • You have any employees working in Kentucky, even part-time. What to do if your employees work out-of-state >> 
    • You’re going to work for someone else. Unless you’re an employee, you won’t be covered by their insurance policy and may need to provide proof of work comp. Are you an employee or an independent contractor? 10 ways to tell >> 
  • Other regulations that may affect you: 
    • Workers' compensation insurance covers wage replacement and medical bills for employees injured on the job. To protect against other injuries at your place of business, you may need general liability insurance. Learn more about general liability >>

WHERE TO GET IT

  • Kentucky has a private market, meaning that you can purchase workers' compensation insurance from any private insurance carrier or agency that is licensed to write in that state. WorkCompOne can write workers' compensation policies in any U.S. state except those that practice state-run workers' compensation (Ohio, Washington, North Dakota and Wyoming). Get started on a policy with WorkCompOne >> 
  • Kentucky has a state fund that competes with the private market. You can contact the Kentucky Employers’ Mutual Insurance Authority if you are unable to secure coverage from a private insurance carrier. State funds accept higher-risk businesses, but their rates are often higher. 
  • If you’re still having trouble, you can contact Kentucky's assigned risk pool, which will help you find coverage.

FACTORS THAT IMPACT COVERAGE

  • You are a sole proprietor or partner: In Kentucky, you are excluded from coverage but have the option to include yourself.  
  • You are a corporate officer: You are included in coverage but may be excluded.
  • You are a member of an LLC: Kentucky excludes you from coverage; however, qualified members who participate in business decision making and profits and losses may be included. If included you are treated like a partner.

The information on this page has been interpreted and summarized for your convenience. Please consult your state's governing authority for the most current and complete legislation.