Choose The Hartford for All Your Kansas Business Insurance Needs
Kansas has over 251,000 small businesses, making up 99.1% of companies in the Sunflower State. Small businesses in Kansas employed over 606,900 people in 2015, which is 51% of employees in the state. The majority of these companies employ fewer than 100 people.1 The Hartford has been providing small business insurance to businesses like these for more than a century. Learn more about business insurance, general liability insurance, and more types of coverage for your Kansas business below.
Types of Kansas Business Insurance Offered
Kansas Business Owner’s Policy
A Kansas Business Owner’s Policy (also known as a BOP) combines both business property insurance and business liability insurance in a single policy for Kansas business owners. A Business Owner’s Policy helps protect your Kansas business from the potentially ruinous costs of claims resulting from things like theft, fire, and additional covered disasters and claims involving bodily injury, property damage, and advertising and personal injury that may arise from your business’s daily operations.
Businesses in Kansas can tailor a business owner’s policy to help meet their unique needs by adding additional optional coverages like business income insurance, data breach insurance, and other specialized coverages to their Business Owner’s Policy.
Purchasing a BOP is smart and easy for your Kansas business. It simplifies insurance coverage needs by including business property and business liability – two coverages most companies need – into a single policy. Consider a business owner’s policy if:
- Your business has the potential to be sued, perhaps by a customer getting hurt on your premises.
- Your business has a physical location for customers or employees – this could include your home office, a rented or owned office space, store, or other place of work.
- Your business has assets that may be compromised, stolen, or damaged – this includes digital assets, office furniture and equipment, customer data, inventory, and cash.
Kansas General Liability Insurance
General Liability Insurance (GL) helps protect your Kansas business from property damage claims, bodily injury claims, and personal and advertising injury claims that could put your business and business assets at risk. Commercial General Liability Insurance (CGL), commonly referred to as Business Liability Insurance or General Liability Insurance, provides coverage for customer injuries, damage to property belonging to others, and lawsuits. It can help pay for medical expenses as well as legal costs if an incident leads to a lawsuit.
Commercial General Liability Insurance helps protect Kansas business and them employees from the risk of lawsuits and can help cover the costs related to claims of:
- Medical payments – to help defray medical expenses if someone sustains an injury at your business.
- Advertising errors – for claims of copyright infringement errors in your advertisements.
- Bodily injury or property damage – for claims that your Kansas business caused someone bodily harm or damaged their property.
- Reputational harm – for claims of malicious prosecution, slander, wrongful evictions, libel, violation of the right of privacy, and more.
- Damage to rented property – if the property you rent is damaged by fire, explosion, or a strike of lightning.
Many business owners in Kansas wonder why they need General Liability Insurance and the answer is simple: you need General Liability insurance to help protect your business from potentially devastating costs of claims that may surface from the most common situations your business is in. This would include client meetings, working on property owned by someone else, or participating in business activities at a third-party location.
Kansas Commercial Auto Insurance
Kansas Commercial Auto Insurance helps your Sunflower State business cover the financial costs resulting from a car accident if you or one of your employees is found at fault. Commercial auto insurance also helps pay for the damaged property and medical expenses – even if the accident is fatal. Commercial auto insurance can protect your business if:
- An employee hits a pedestrian while driving your company truck and the person walking across the street requires medical treatment and accrues medical bills.
- An employee driving to your store from a business meeting accidentally hits another car and totals it.
- You accidentally swerve off the road trying to avoid hitting a dog and run into a mailbox and must pay to repair the damage.
Kansas Home-Based Business Insurance
If you run your business out of your home in Kansas, your homeowner’s policy may not offer enough coverage for your home-based business. Home-Based Business Insurance can help cover financial loss you are responsible for including property damage, lawsuits, injuries, or data loss. Solutions from The Hartford include a general liability policy, a BOP, and more. Questions to ask yourself when considering home-based business insurance include:
- Do clients or potential customers come to my home?
- Do I have employees working in or outside of my home?
- Do I keep inventory for my business in my home or an additional third-party location?
- Do I maintain client records on my computer?
If you answered yes to any of these questions, you might want to consider home-based business insurance in addition to your homeowner’s policy.
Kansas Minimum Business Insurance Requirements
The current workers’ compensation law covers all Kansas employers with some exceptions for those in certain agricultural fields or those with a gross annual payroll of $20,000 or less. All payroll is considered, including that paid outside the state of Kansas. If the employer is a sole proprietor or a partnership, the wages paid to the owners and any of the family members are not included in the computation of the gross annual payroll. Learn more about minimum business insurance requirements in Kansas.
Additional Kansas Business Insurance Links
- Workers’ Compensation Insurance
- Commercial Auto Insurance
- Business Income Insurance
- Commercial Flood Insurance
- Data Breach Insurance
- Management & Professional Liability
- Surety & Fidelity Bonds
- Home-Based Business Insurance
- Employment Practices Liability
- Risk Engineering
- Loss Sensitive (Deductible) Solutions
Get a quote on Small Business Insurance for your business today.