Small Business Coverage and Peace of Mind
Kentucky drafted its first state constitution in 1792, making it the fifteenth state in the Union. Throughout its history, Kentucky has been recognized for the bluegrass found in its pastures. This turf is at the heart of the horse breeding and horse racing industries in the state—and Louisville’s Churchill Downs, the home of the Kentucky Derby. Additionally, Louisville is home to the Louisville Slugger baseball bat, which has been driving pitches over the outfield fence since 1893. Kentucky is known for its bluegrass music and the unique flavor of Kentucky bourbon.
In addition to producing baseball bats, racehorses, and agricultural products like beef and corn, Kentucky is home to many of the nation’s coal mines.
While the Bluegrass State is home to several notable large businesses, small businesses employ about half of the state’s private-sector workers. With about 70,000 firms with less than 500 employees, Kentucky’s small businesses are a key element of the state’s economy.1 Kentucky requires these firms, no matter their size, to carry workers’ compensation insurance. First approved in 1916, the Kentucky law places the responsibility of obtaining workers’ compensation insurance on businesses.2 Any employer with one or more employees is required to carry workers’ compensation insurance.
What are the Kentucky Workers’ Compensation Insurance Requirements?
Employers operating in Kentucky are required to carry workers’ compensation insurance for all employees, including corporate officers and part time employees, although there are a few exceptions. Sole proprietors may opt out of coverage. Agricultural employees, domestic workers that work less than 40 hours per week, and certain religious organizations are exempt from workers’ compensation insurance. 3
Getting Workers’ Compensation Insurance in Kentucky
EMPLOYERS is America’s Workers’ Comp Specialist®, and it provides Kentucky-based businesses with workers’ compensation insurance that is cost-effective and affordable. The value-added services that EMPLOYERS offers its policyholders include Loss Control Services, Anti-Fraud Programs, and Managed Care Services.
Kentucky Workmans’ Comp Coverage You Need
Interested in learning more about how EMPLOYERS can help your Kentucky business? Request a quote for workers’ compensation insurance from EMPLOYERS!
Thousands of small businesses trust EMPLOYERS for providing cost-effective workers’ compensation insurance for over a century. With our competitive pricing, financial stability and dependability, claims service, safety training and risk advisory programs, EMPLOYERS remains focused on keeping America’s small businesses not only working, but working safely.
1. “Small Business Profile, Kentucky,” SBA Office of Advocacy, February 2011, www.sba.gov/sites/default/files/files/ky10.pdf.
2. 3. “An Overview of Kentucky’s Workers’ Compensation Law,” The Kentucky Labor Cabinet, 2014, labor.ky.gov/Documents/An%20Overview%20of%20Kentucky%20Workers%20Compensation%20Law.pdf