In Kentucky, $4,661,744,000 in commercial insurance claims were paid in 2019 alone. When you own a company, it can be exciting and profitable if you have the proper protection. Kentucky business coverage can include rental business insurance for all your exposures.

Fortunately, a Kentucky independent insurance agent will have access to multiple markets so that you get options. They'll even do the shopping for free, making it a no-brainer. Connect with a local expert for tailored quotes in minutes. 

What Is Rental Business Insurance? 

If you're in the business of renting out equipment or products to customers, you'll want protection. Check out the policy that can get you there:

• Rental business insurance: This will include liability coverage for bodily injury and property damage. Any business property rented to others can be included for replacement and repair in your insurance policies.

What Does Rental Business Insurance Cover in Kentucky?

Kentucky rental business insurance can come in several forms. However, there will be standard coverage options you'll want to consider. Check out the primary policies you can get for your Kentucky rental business:

• General liability insurance: Pays for claims of bodily injury or property damage 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 building, equipment, and inventory damage from a covered loss.
• Equipment or property rented to others: Pays to replace or repair the property you have rented to others.
• Crime insurance: Pays for a claim involving forgery, fraud, or theft to your company.

How Much Does Rental Business Insurance Cost in Kentucky?

Commercial insurance costs will vary from entity to entity. Your Kentucky operation will have premiums based on your unique risk exposures. Here are some factors carriers look for when calculating your rental business premium:

• Your business address
• How long you've been in business
• Your gross annual sales
• Business property details
• Prior claims
• Your insurance score

US equipment rental market size from 2000 to 2024 (in billion US dollars)

The market size of renting out equipment is grand. If that's your business model, then you'll need to know what's not insured as well. 

What Doesn't Rental Business Insurance Cover in Kentucky?

Your Kentucky rental business insurance will come with a list of items it won't cover as with any policy. Take a look at the common exclusions for your equipment policies:

• Spoilage: This coverage refers to food or items that spoiled due to an equipment loss. It can usually be added for a fee but won't be automatic in most cases.
• Vehicles: Some insureds think automobiles or company vehicles fall under business equipment, but they don't.
• Structures: If you want coverage for any structures or similar, it will fall under your business property coverage.

Does General Liability Insurance Cover a Rental Business in Kentucky?

Financial disasters can happen to any company. Your Kentucky rental business will need several policies to have sufficient protection. Take a look at what general liability covers below:

• General liability: This policy will give you liability coverage for bodily injury, property damage, or slander. Anything else will have to be added to a separate policy.

Average cost for business-to-consumer general liability insurance premiums in the US from 2019 to 2024

Your general liability insurance pricing will depend on numerous items. For exact costs, speak with a trained adviser.

How a Kentucky Independent Insurance Agent Can Help

If you're trying to find coverage for your Kentucky rental business, there are multiple options. First, pairing with a licensed professional can help you find a policy that fits your budget. An agent will review your insurance for gaps at no cost, making it easy.

A Kentucky independent insurance agent works with dozens of carriers so that you have options. They're able to find the best coverage for your operation and fast. Connect with a local expert on TrustedChoice.com to get started.