Insurance for Small Business Owners in Kansas

Do You Need Small Business Insurance in Kansas?

“There’s no place like home” when it comes to Kansas. The geographical center of the US, Kansas has everything to offer small business owners from the cities and suburbs to the rich farmland that helps feed the country. Dodge City might be the windiest city in America (take that, Chicago), but good fortune is what’s blowing into the state. Popular small businesses in Kansas include professional, scientific & technical services, retail trades, healthcare, and food services.   

  • There are over 256,000 small businesses in Kansas
  • 99.1% of businesses in Kansas are considered small businesses
  • Over 2,700 small businesses in Kansas are in the exporting industry 

Home, home on the range... Kansas is a great place to own a small business thanks to its premier infrastructure, consumer market, job growth, importing/exporting, and education system. As Kansas continues to grow, it is essential to consider small business insurance to help protect your business. Kansas small business owners need to know that licensing boards may require certain types of insurance related to specific professions. Some insurance coverages are required for all businesses—find out more here.

Required Business Insurance Coverage in Kansas

Kansas requires the following insurance coverage for small businesses:
  1. Commercial Auto Insurance.

    If your small business in Kansas owns vehicles, you are required to purchase commercial auto insurance. This requirement includes coverage for bodily injury, property damage, and personal injury protection, and uninsured/underinsured motorist coverage. The minimum liability limits you must purchase depend on whether a governmental agency regulates your operations. 

  2. Workers’ Compensation Insurance.

    Kansas requires most small businesses to carry Workers’ Compensation coverage for their employees. The law applies to all Kansas employers except for certain agricultural businesses or those with a gross annual payroll of less than $20,000. For that sum, all payroll is taken into account, including payroll paid outside of the state. Kansas offers a self-insurance program, but you must demonstrate financial ability to pay any claims that may arise. Otherwise, you’ll want to look for a licensed insurance carrier like B2Z to satisfy the workers’ compensation requirement. An accident or illness related to an employee’s work can become costly very quickly. 

Recommended Business Insurance Coverage in Kansas

The following insurance coverage is recommended for Kansas small businesses:
  1. Small Business Owner’s Insurance.

    A Business Owner’s Policy (or BOP) is a cost-saving package policy that bundles both property insurance and general liability into one convenient, comprehensive policy for small business owners. A BOP typically covers customer medical expenses for onsite third-party accidents and advertising damage claims, and losses and damages related to buildings used for business purposes.

  2. General Liability Insurance.

    While a BOP combines this coverage with property insurance, sometimes General Liability is sought as a separate minimum coverage. If you lease space for your Kansas small business, the commercial property contract may require General Liability Insurance. General Liability Insurance helps ease the financial burden of customer injury and property damage claims, as well as slander and libel lawsuits. 

  3. Professional Liability Insurance.

    Professional Liability coverage is also referred to as “errors and omissions insurance” or “E&O.” This insurance type focuses on work mistakes and errors, missed deadlines, incomplete work, and professional negligence lawsuits. Professional Liability coverage is ideal for small businesses in Kansas that provide expertise as a service, like financial advice, architecture, design, or hairstyle services, as it can protect them from related damage claims.

  4. Cyber Liability Insurance.

    43% of cyber attacks target small businesses, and 60% of small businesses that suffer a cyber attack go out of business within six months of the attack. Cyber Liability coverage is recommended for Kansas small businesses to help pay for customer notification and fraud monitoring costs following a cyberattack, as well as associated legal fees. This helps businesses recover from ransomware, malicious hacking, and other common cyberattacks.

Our Small Business Insurance Company Is Here to Help

B2Z understands that insurance can be confusing, so we set out to make it understandable and easy to purchase.
  1. Q
    Does B2Z offer small business coverage in Kansas?
    A

    Yes. We currently offer the following types of insurance policies to small business owners in Kansas:

  2. Q
    How do I get a quote for my small business insurance in Kansas?
    A

    It’s simple! Click on the Request a Quote button and answer a few questions.