Kentucky’s leading workers’ compensation insurance provider is again lowering its rates for businesses and organizations around the state. 

The rate reduction by Kentucky Employers’ Mutual Insurance (KEMI) amounts to an overall average decrease of 8.9%, with non-coal rates dropping 10.5%. These rate changes will go into effect on Jan. 1, 2024, and will apply to both new and renewal policies. KEMI’s rates are subject to approval from the Kentucky Department of Insurance. 

“KEMI has reduced rates by 43% over the last decade,” said KEMI President & CEO Jon Stewart. “This commitment to consistently lowering rates is a testament to our dedication to supporting employers and workers of Kentucky, and we remain focused on providing cost-effective solutions that empower our local economy and encourage businesses to invest in workplace safety to further reduce risk.” 

In July, KEMI announced a $15.9 million policyholder dividend. Between 2010 and 2023, KEMI issued dividend payments to policyholders totaling $85 million.  Kentucky business owners are encouraged to contact their insurance agents or KEMI at 800-640-KEMI (5364) to obtain a competitive quote. KEMI is rated A- (Excellent) by A.M. Best.

Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800

Posted October 19, 2023