KY Workers Comp
Class Codes (By Number With Description)

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KY workers comp class codes are four digit numbers assigned by The National Council on Compensation Insurance (NCCI). Kentucky workers compensation classification codes contain your industries injury rates & are used to determine your base premium cost.

Kentucky Workers Compensation Classification Codes

KY Workers Comp Class Codes

So what are KY workers com class codes? Kentucky Department of Insurance uses workers compensation classification codes created by the National Council on Compensation Insurance (NCCI), an organization that according to them: "gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations."

According to WikipediA: The NCCI annually collects data covering more than four million workers compensation claims and two million policies. The bureau uses this information to provide:

For example, for a roofer, tree trimmer, or demolition company, the cost could be $17 per $100 in payroll, or even higher. On the other hand, the cost to cover a attorney, accountant or real estate agent could be under $0.20 per $100 of their payroll. So, for an employee that earns $40,000 a year, a blue collar contracting company could pay around $6800, where a white collar business may pay just $80. It all depends on the risk or injury associated with the code.

Workers Compensation Insurance Information

According to the Kentucky Department of Workers' Claims (DWC), All Kentucky employers with one or more employees are required to maintain workers' compensation coverage. All questions regarding these requirements, workers' compensation claims or benefits should be directed to the Department of Workers' Claims.

According to the Kentucky Guidebook to Workers' Compensation: "In Kentucky, workers' compensation is considered the "exclusive remedy" for injured workers. This means that in exchange for the protection that workers' compensation coverage offers, employees surrender their right to sue employers in civil court for damages arising from workplace injuries.

Workers' compensation benefits can include partial wage replacement, payment of medical treatment and restoring the injured worker to suitable employment.

If an employee's death occurs as a result of the injury, a lump sum payment is made to the employee's estate, from which burial expenses are to be paid. The amount of the lump sum payment changes annually. Income benefits are also extended to the surviving spouse and other dependents."

For more info including coverages and cost you can check out this article on: workers compensation insurance.

KY Workers Compensation Classification Codes List

KY workers comp class codes - some of the most searched class codes are:

... because the cost for workers comp base premiums are lower in these classes than most others.

Following is a list of the KY workers comp class codes. Both the code and class description are listed in numerical order:

Workers Comp Insurance Articles

If you are looking for more information on workers compensation: Texas Workers Compensation For Restaurants.

Further Reading On Worker's Comp Insurance

KY Worker's Comp Insurance Quotes

Kentucky Insurance

Request a Worker's Comp Insurance quote in Alexandria, Ashland, Ashton, Bardstown, Berea, Bowling Green, Burlington, Campbellsville, Covington, Danville, Edgewood, Elizabethtown, Erlanger, Fayette, Florence, Fort Knox, Fort Thomas, Francisville, Frankfort, Franklin, Georgetown, Glasgow, Henderson, Hopkinsville, Independence, Jeffersontown, Lawrenceburg, Lexington, Louisville, Lyndon, Madisonville, Mayfield, Maysville, Middlesborough, Mount Washington, Murray, Newport, Nicholasville, Ownesboro, Paducah, Paris, Radcliff, Richmond, Shelbyville, Shepherdsville, Shively, Somerset, St. Matthews, Versailles, Winchester and all other cities in KY.

Kentucky Insurance Rules

In KY, there are some insurance regulations that you should be aware of before you start your business or even strike out on your adult life. We will be looking at both business and personal insurance, and the regulations that affect consumers that get these types of insurance. Let's look at personal and business insurance in greater detail according to the regulations in Kentucky.

KY Business Insurance

The first regulations to be aware of is the regulations governing business insurance in Kentucky. Like most states, Kentucky does not require businesses operating in the state to carry commercial liability insurance.

Kentucky is a pure comparative negligence state which means that the plaintiff can recover damages even if they are 99 percent at fault. There is also no personal injury in Kentucky and the statute of limitations is one year.

There are also some mandatory types of business insurance that are required in Kentucky. One type is required in almost all 50 states and is known as Worker's Compensation insurance. In Kentucky, if you have at least one full or part-time employee, then you're required to carry Worker's Compensation insurance. If you have a sole proprietorship where you are the only worker, then you're not required to carry.

You can contact the Kentucky Labor Cabinet to find out about exemptions. The only other type of mandated business insurance in Kentucky is commercial auto insurance if the vehicle is used regularly as part of the business.

Kentucky Personal Insurance

There are a couple of different types of personal insurance regulations that we will be covering. The first is auto insurance. In Kentucky, drivers are required to carry liability coverage that is $25,000 per person or $50,000 per accident as well as $10,000 for property damage. This is pretty much standard for auto insurance in most of the other states out there. Some are a little higher and some are lower.

There are also certain regulations governing life insurance in Kentucky. Life insurance is a regulated industry with the rules listed in Title 25 Chapter 304. One regulation is that Kentucky residents are permitted what is called a free look. That is available in almost every state. Illinois residents can have life insurance for 10 days and if at the end of those 10 days they have evaluated their policy and do not like it they can cancel for a full refund. In addition, Kentucky insurance companies must provide a grace period of 30 days.


Workers Compensation Insurance Class Codes

If you are looking for state specific Workers Comp Insurance class codes, costs and information: California Workers Comp Class Codes, Colorado Workers Comp Class Codes, Delaware Workers Comp Class Codes, Florida Workers Comp Class Codes, Illinois Workers Comp Class Codes,Florida Workers Comp Class Codes, New Jersey Workers Comp Class Codes, New York Workers Comp Class Codes, Oregon Workers Comp Class Codes, Pennsylvania Workers Comp Class Codes, Texas Workers Comp Class Codes.

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