When it comes to operating a business in Kansas, it is important to understand state-specific rules and regulations to ensure that you operate within the confines of the law and avoid any potential issues. To that end, Kansas requires that any size business must carry workers’ compensation insurance to help cover the cost of medical bills related to workplace injuries and illnesses. However, if your business is involved in the agricultural market or as a gross annual payroll under $20,000 then you are not required to have workers’ compensation insurance. Before deciding not to purchase workers’ compensation insurance, check with a trusted source to ensure that your business remains in compliance with applicable laws. In addition to workers’ compensation insurance, any vehicle owned by the business must be covered by a commercial auto insurance policy. Keep in mind that if you require employees to use their personal vehicles for work-related functions such as deliveries or service appointments then you should strongly consider hired and non-auto insurance as personal auto policies generally exclude business use from coverage.
Depending on the size of your business and the scope of work it may not be a bad idea to consider additional insurance coverage. For instance, opting for professional liability insurance helps protect your business from negligence, work mistakes, or failure to fulfill a contract whereas cyber liability insurance helps businesses recover from losses associated with data breaches or cyber-attacks.
When it comes to finding a commercial insurance policy, look no further than the friendly and professional team at HighPointe Insurance Services LLC in Overland Park, KS. We work tirelessly to ensure that each of our customers receives the best care possible and can create customized insurance policies that best meet the demands of your business.