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Kentucky Workers' Compensation Insurance
Protect your business and employees with Kentucky workers' comp
Kentucky workers' compensation insurance offers medical care and financial assistance to employees injured at work. This coverage helps businesses in the Bluegrass State meet legal requirements while protecting their team.
If you're interested in Kentucky workers' comp, start a quote or chat with a Progressive Commercial agent today.
Who needs workers' compensation insurance in Kentucky?
Kentucky workers' compensation laws require businesses with one or more employees to have insurance. Out-of-state companies doing business in Kentucky also need to follow this rule.
Kentucky workers' compensation insurance exemptions
Most businesses need coverage, but there are some exemptions to Kentucky workers' comp, including:
- Federal employees
- Carpool participants
- Certain domestic workers
- Some religious groups
- Agricultural employers and employees
- Helpers at charities or churches
To avoid potential problems, verify your exemption status with an expert and review your licenses and contracts.
What are the penalties for not having workers' comp in Kentucky?
Kentucky employers without workers' comp insurance face daily fines and must repay any benefits covered by the state Uninsured Employers' Fund. Employees can also sue them for damages.
You can review the penalties for not having workers' comp in Kentucky to learn more.
How much does workers' comp cost in Kentucky?
In the state of Kentucky, workers' compensation rates are affected by factors, such as:
- Job classification code: Workers' comp class categorize jobs by risk level, resulting in lower rates for safer industries.
- Payroll: Since premiums are calculated per $100 of payroll, larger companies usually pay more.
- Claims history: If you file more claims than average, your insurance costs can rise over time.
- Insurance carrier: Each insurer has its own way of setting prices. The best way to find out how much you'll pay is to get a quote.
How can you get workers' comp in Kentucky?
You can get Kentucky workers' comp insurance three ways:
- Private insurers: Businesses often choose private insurers because they provide personalized policies and can offer additional discounts.
- Self-insurance: By opting for self-insurance employers can cut costs, but they'll have to handle financial risks themselves.
- Assigned risk pool: If companies can't get coverage through private insurers or self-insurance, they can get a policy through the Kentucky Employers' Mutual Insurance Authority.
Consider these options to decide what works best for your company. Start an online quote or talk to a Progressive Commercial specialist for guidance.
How does workers' comp work in Kentucky?
Workers' compensation insurance helps people recover from job-related injuries and illnesses. After reporting an incident, the employee or employer can submit a claim. If the claim is approved, the employee will start receiving benefits like:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
Workers' comp also benefits businesses by reducing the risk of lawsuits. Accepting a Kentucky workers' compensation settlement usually means employees can't sue. But if they do, this insurance can help cover costs.
Kentucky workers' compensation death benefits
Kentucky workers' comp death benefits are available to the family members of a deceased employee. Dependents can receive weekly payments up to 75% of the worker's average wage. The state will also cover funeral expenses if the worker passed away within four years of the injury.
Kentucky workers' compensation statute of limitations
Employees have two years from the injury date or last payment to file a claim. Encourage your team to report incidents as soon as they happen to meet the Kentucky statute of limitations and secure access to benefits.
Why choose Progressive Commercial for Kentucky workers' comp
It's our mission to protect your business with customized insurance solutions that meet your needs and support your growth.
Questions? Call a Progressive Commercial agent or start an online quote.
