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Index
Workers Compensation Insurance Costs in Kansas
We’re Your Trusted Workers Compensation Insurance Provider in Kansas
Who Should Purchase Workers Compensation Insurance in Kansas?
Who Is Exempted from Providing Workers’ Compensation Insurance in Kansas
Kansas Workers Compensation Insurance Coverage
Determining Your Workers Compensation Coverage Needs in Kansas
Contact Us
Phone
316-265-3181
Locations
5838 W. 21st Street
Wichita, KS 67205
1106 W. 31st Street South
Wichita, KS 67217
1701 Landon Street
Hutchinson, KS 67502
Workers in Kansas face a range of unique risks that can leave businesses open to potential legal action. The most common risks include:
Businesses in Kansas should take the necessary precautions to protect themselves from these risks by purchasing appropriate workers' compensation insurance coverage. This policy can protect against claims related to employee injuries, illnesses, and other issues arising out of their employment that could result in expensive legal costs.
Workers' compensation insurance in Kansas costs around $47 per month. The premium of your workers' comp insurance differs significantly based on a number of factors, including:
a) Payroll - Payroll is key in determining workers' compensation insurance costs. The higher your business payroll, the more you will have to pay for workers' comp insurance. This is because employers are responsible for covering any medical expenses or lost wages that an employee may incur if they suffer an injury while on the job.
b) Number of Employees - The number of employees you have is also a factor in determining workers' compensation insurance costs. The more employees your business has, the higher the cost of insuring them will be. This is because insurers need to calculate premiums based on the risk associated with having more employees and thus need to charge higher rates for larger businesses.
c) Location - The location of your business also affects the cost of workers' compensation insurance. Insurance companies consider the risk associated with different areas when determining premiums, and businesses located in higher-risk jurisdictions may be charged more for their policies than those in lower-risk locations.
d) Industry and risk factors - Your business's industry and associated risk factors can also affect the cost of workers' compensation insurance. Riskier industries, such as construction or manufacturing, usually have higher premiums than those with fewer safety hazards.
e) Coverage limits - The coverage limits you choose for your workers' compensation insurance policy will also affect the cost of premiums. Higher coverage limits mean higher costs, as insurers need to protect themselves from the potential of paying out large sums in case of an accident.
f) Deductible - A higher insurance deductible means lower premiums, as insurers have less risk associated with covering the costs in case of an accident. However, a high deductible may leave you at risk for large out-of-pocket expenses if an incident occurs.
To get accurate and up-to-date information on the specific costs of Workers' Compensation Insurance in Kansas, contact insurance providers in the state, such as WINN Insurance Group, for more information. With WINN Insurance Group, you can access competitive rates and personalized customer service that will help you make the best decision when it comes to protecting your business from costly legal claims.
WINN Insurance Group is a trusted provider of workers' compensation insurance in Kansas. We understand the complexities of businesses and the importance of protecting your workforce with quality insurance coverage.
We make getting accurate information on Workers' Compensation Insurance in Kansas easy and have a wide selection of plans available from reputable providers. We also provide personalized customer service, so you can get the right coverage at a competitive rate.
At WINN Insurance Group, we value our customers and are committed to providing them with the best protection for their business. We strive to deliver quality products and services that exceed expectations and help protect businesses from costly claims or lawsuits related to workplace injuries.
Contact us today to learn more about Workers' Compensation Insurance in Kansas and see how we can help you find the right plan for your business.
The Kansas workers’ comp statute mandates that all private and power with a payroll of over $20 000 provide insurance for both part-time and full-time workers. They include:
Employers are required to provide workers’ compensation benefits regardless of their size or number of employees. This is especially important for businesses that may hire independent contractors as they are often excluded from basic employee protections such as Workers' Compensation insurance.
Employers in the following situations are exempted from providing workers’ compensation insurance:
Workers' Compensation Insurance provides coverage for employees who suffer from work-related injuries or illnesses, ensuring they receive necessary medical treatment and wage replacement while protecting employers from potential lawsuits arising from workplace accidents. This type of insurance provides the following coverages:
Determining your Workers' Compensation coverage needs in Kansas is essential to ensure your business is compliant with state laws and adequately protected in the event of work-related injuries or illnesses. Here are the key steps to help you assess your Workers' Compensation coverage requirements:
a) Understand Kansas Workers' Compensation Laws: Familiarize yourself with the Workers' Compensation laws and regulations in Kansas. Know the coverage requirements, exemptions, and any specific provisions that may apply to your industry or business type.
b) Assess Employee Count: Determine the number of employees you have. In Kansas, most employers are required to have Workers' Compensation coverage, regardless of the number of employees, with some limited exemptions. Include all full-time, part-time, and seasonal workers in your count.
c) Evaluate Industry Risks: Consider the nature of your business and industry-specific risks. Certain industries, such as construction or manufacturing, may have higher rates of workplace accidents, which could influence your coverage needs.
d) Review Employee Job Duties: Understand the job duties of your employees and assess potential risks associated with their work. Employees engaged in hazardous tasks might require additional coverage.
e) Assess Business Growth: Consider your business's growth projections. As your workforce expands, your Workers' Compensation needs may also increase.
f) Identify Exemptions: Determine if any exemptions apply to your business. Some employers, such as agricultural businesses or sole proprietors, may have different requirements for coverage.
g) Consult with an Insurance Professional: Seek advice from an insurance professional or broker familiar with Workers' Compensation Insurance in Kansas. They can help you understand your specific coverage needs and guide you.
h) Compare Insurance Policies: Obtain quotes from multiple insurance providers to compare coverage options and costs. Ensure the policies align with your business needs and provide adequate protection.
i) Review Policy Limits and Exclusions: Carefully review the coverage limits and exclusions of each policy. Ensure that the policy adequately covers potential workplace risks and meets your business's requirements.
By following these steps, you can determine your Workers' Compensation coverage needs in Kansas and ensure your business is adequately protected and compliant with state regulations.
Kansas Workers' Compensation Insurance policies may also be eligible for certain discounts, including:
Employers should always contact their insurance carriers to learn more about potential savings.
If you have any questions about Workers’ Compensation Insurance in Kansas, our team of experienced professionals at WINN Insurance Group is here to help. We can provide personalized advice and guidance on how to save money on your Workers' Compensation policy while still providing the necessary coverage for employees.
Contact us today for more information!
5838 W. 21st Street
Wichita, KS 67205
1106 W. 31st Street South
Wichita, KS 67217
1701 Landon Street
Hutchinson, KS 67502