BUSINESS INSURANCE KANSAS
Kansas Insurance License: 272221604

Kansas is a great state to open a business, thanks to its economic diversity and tax incentives. The state is competitive in manufacturing, professional services, and wholesale and retail trades. Plus, merchants and manufacturers can exclude their inventories from property taxes. And perhaps most appealing is the lack of corporate and individual income taxes at the county or city level. (Read more about how your business is primed to thrive in The Sunflower State by reading the Kansas Department of Commerce's article "Business Incentives.")

But as any Kansan knows, the region is no stranger to the whims of nature. Kansas has suffered many powerful tornadoes – on average, about 55 a year. And if your business is going to survive the destruction, potential repairs, and lost income that follow one of these storms, you need to have appropriate financial safeguards in place. That's why insureon offers Kansas-based businesses an array of commercial coverages, such as General Liability, Property, Professional Liability, Workers' Compensation, and Employment Practices Liability Insurance.

Kansas Business Owners: Reduce Your Insurance Premiums

You don't have to spread yourself thin to build a strong business protection plan. Keep your insurance costs low with these tips:

• Exclude yourself from your Workers' Comp policy. Though you can insure yourself against occupational injuries, you'll save on your Workers' Compensation premiums if you only cover employees. 
• Choose a cash-value Property Insurance plan. If your property can easily be replaced with used gear, consider opting for a cash-value plan. Cash-value coverage pays out what your items are currently worth, rather than what they would be worth off the shelf.
• Carry Umbrella Liability Insurance. Did you know that you can add an additional coverage cushion to several existing policies at once? So if your client contract calls for more General Liability coverage than you have, an Umbrella policy may be able to fill the gap for less.

Workers’ Compensation and Dram Shop Laws in Kansas

Certain types of business insurance, such as workers' compensation, are regulated by state law. Kansas' law requires all employers to carry workers' compensation insurance, unless your business is involved in certain agricultural areas or has a gross annual payroll of less than $20,000.

Kansas does not have dram shop laws. This means businesses that serve an intoxicated person who goes on to cause an injury or property damage cannot be held responsible. However, you may want to consider liquor liability insurance even if your state does not have dram shop laws. Though it’s likely you would win a lawsuit, this policy would help pay the cost of defending yourself in court.

Kansas Business Insurance Licensure Information

In Kansas, insurance agents, agencies and brokers are licensed by the Kansas Insurance Department. Insureon is licensed in Kansas as BIN Insurance Holdings LLC (NPN 15752926) for Property & Casualty Insurance (License #272221604). Verify our licensure with the Kansas Insurance Department License Search