What is KARE?
Does the ACE-USA Group have an A.M. Best Company rating?
Where is the KARE underwriting office?
What types of businesses are excluded by KARE?
What is the minimum premium requirement?
What types of premium payment options does KARE offer?
Does KARE offer coverage in other states?
What type of safety & loss control services are provided by KARE?
Does KARE recognize an Agent of Record?
Does KARE have a formal production requirement for independent
agents who work with KARE?
What about Kentucky Chamber of Commerce membership?

What is KARE?

KARE is a fully insured workers' compensation program endorsed by the Kentucky Chamber of Commerce, the largest multi-industry business association in Kentucky. KARE is underwritten in conjunction with the ACE-USA Group of Insurance Companies.

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Does the ACE-USA Group have an A.M. Best Company rating?

Yes, the ACE-USA Group is rated A (excellent) XIII by A.M. Best Company. The ACE-USA Group has more than $30 billion in assets and is ranked among the top 20 property/ casualty insurance groups in the United States.

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Where is the KARE underwriting office?

Because KARE is a Kentucky-focused workers' compensation insurance program, our underwriting office is located in Louisville, Kentucky. Our underwriting staff is available to make agency calls by appointment to discuss and review your book of workers' compensation business in order to generate a competitive quote.

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What types of businesses are excluded by KARE?

While KARE underwrites each risk on a case-by-case basis, several classes of risk are generally excluded. These include asbestos removal, armed guards, bars, chemical manufacturing, underground mining, and 24-hour risks open to the public.

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What is the minimum premium requirement?

The minimum premium requirement for most KARE accounts is $2,500 in annualized premium without a special underwriting exception. Your KARE underwriter will work with you on proposed accounts not reaching this threshold.

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What types of premium payment options does KARE offer?

KARE offers a variety of interest-free installment plans. Your KARE underwriter will work with you to identify the program that best meets your client's needs.

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Does KARE offer coverage in other states?

Yes, KARE currently writes accounts in 32 other states for its Kentucky-based customers. Other states coverage is not available in the monopolistic states of North Dakota, Ohio, Washington, West Virginia, and Wyoming. Alaska and Hawaii are also excluded from this coverage option.

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What type of safety & loss control services are provided by KARE?

KARE offers a wide-range of professional services for cost-effective risk management. These include, but are not limited to, on-site surveys, safety consultations, model training programs, incident investigations, safety workshops, and an extensive safety video training library.

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Does KARE recognize an Agent of Record?

Yes, however, KARE reserves the right to determine the recognized producer in any dispute between producers, and to pay producer commissions accordingly. Controlling agents who do not present a KARE quotation to a prospective insured may not be recognized in any dispute. Your KARE underwriter will be glad to discuss this issue with you.

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Does KARE have a formal production requirement for independent
agents who work with KARE?

No, KARE management has not established formal production requirements for appointed KARE agents.

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What about Kentucky Chamber of Commerce membership?

Independent agents do not have to join the Kentucky Chamber to market the KARE program. However, you still may want to consider a membership because there are other benefit programs in which your agency may have an interest. Prospective KARE insureds, on the other hand, are encouraged to join the Kentucky Chamber, which is the endorsing association for the KARE program. For more information on chamber membership and its benefits , visit the Kentucky Chamber web site or call (502) 695-4700.

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