Kentucky has 351,260 small businesses in existence today. If you're one of them, owning a business comes with its challenges, including making sure there's protection. Kentucky commercial insurance will have coverage for your barber shop through a variety of policy options. 

A Kentucky independent insurance agent will do the shopping through their network of carriers for free. They'll even review and compare policies so that you're fully covered. Connect with a local expert for custom quotes to get started. 

What Is Barber Shop Insurance?

Barber shop insurance in Kentucky will come with several policy options depending on your needs. They will include property, bodily injury liability, and employee coverages. 

Revenue of barber shops in the US

If you're in the barber shop business, then you could have a viable venture on your hands. It's best to protect your livelihood before it's too late.

What Does Barber Shop Insurance Cover in Kentucky?

In Kentucky, $4,661,744,000 in commercial insurance claims were paid in one year alone. Your commercial insurance coverage will be based on your risk exposures. Consider these common policy coverages:

• General liability insurance: Pays for bodily injury or property damage claims where you and your employees are responsible.
• Business interruption: This will pay for regular business expenses when you are temporarily shut down due to a covered loss.
• Commercial property insurance: Pays for damage to your building, equipment, and inventory from a covered loss.
• Crime insurance: Pays for a claim involving forgery, fraud, or theft to your company.
• Workers' compensation insurance: Pays for an employee's medical expenses resulting from an injury or illness on the job.
• Errors and omissions insurance: Pays for client lawsuits related to negligence, personal injury, and consulting.

How Much Is Barber Shop Insurance in Kentucky?

Each business will come with a different set of risks, making everyone's premiums unique to them. While you can't know your exact pricing without a quote, you can understand how it's calculated. Carriers use these factors  when rating your Kentucky barber shop insurance:

• Prior claims reported
• Number of years in the industry
• If you have employees
• If you have safety practices
• The value of property owned

Industry revenue of hair care and esthetic services in the US

There is a demand for barber shops all around the country. Grooming services are necessary no matter where you live, and Kentucky is no exception.

Will My Kentucky Location Impact My Rates?

Where your barber shop puts down roots will impact your insurance costs. Carriers look at several location-related factors when determining your premiums in Kentucky. Take a look at what could play a role in your rates based on your territory:

• Local crime rate
• Local natural disasters reported
• Local claims reported by other insureds
• Flood zone assigned

How an Independent Insurance Agent Can Help in Kentucky

Kentucky business insurance can be confusing if you're not sure where to start. Barber shops have unique coverages based on many moving parts, making it difficult to know what's necessary. Fortunately, a licensed professional can review your coverage for free. 

A Kentucky independent insurance agent shops your policy through a network of highly rated carriers. This means your business gets the best options for an affordable price. Connect with a local expert on trustedchoice.com for tailored quotes in minutes.