What Commercial Insurance Is Required in Kansas?
There are some policies your business must-have in the state. The state laws require that every employer have workers comp insurance unless your business has a gross yearly payroll of less than $20,000 or is involved in some agricultural areas. Workers’ compensation insurance pays for work-related illnesses and injuries. Every business-owned vehicle in the state also needs to be covered by commercial auto insurance. Any personal vehicles driven for business purposes should be covered by hired and non-owned auto insurance. Personal auto insurance policies will typically exclude business use.
Other Commercial Insurance Options in Kansas
If you aren’t sure which other commercial insurance would be best for your business, speak with WSI Wichita Insurance Services.
- General Liability: A general liability policy will protect your business from claims of personal injury, such as slander or libel, property damage to others’ belongings, or bodily injury.
- Professional Liability Insurance: If you have a service-based business, then you can be sued for mistakes. With this type of policy, you can be protected from claims of misrepresentation, negligence, failure to perform the service, failure to protect personal information, or inaccurate advice.
- Business Income Insurance: With this policy, you can get help to replace lost income if your business can’t operate because of covered property damage.
- Business Owners Policy: Many small to medium-sized businesses begin with a business owners policy. This combines three different coverage options to protect you from a wide variety of risks. It includes general liability, commercial property insurance, and business income insurance.
- Commercial Property Insurance: This coverage is necessary for any business owner, especially for those who run a home-based business. It protects both rented and owned property for your business, including inventory, personal property, furniture, equipment, tools, and the building.
- Data Breach Insurance: Your business faces risks from using technology. Cyber insurance is designed to protect against these specific risks. It pays to respond to and recover from cyberattacks.
Contact WSI Wichita Insurance Services to get a quote on commercial insurance.
