Message from CEO

greg-buie

Why KESA?

Gregory L. Buie
Chief Executive Officer

That's simple.

KESA is proud to provide Kentucky’s employers with a financially stable and locally operated workers’ comp partner. Our team has years of experience and a deep knowledge of workers’ comp in Kentucky. KESA is the company you can count on when a workplace injury occurs.

Gregory L. Buie

KESA, The Kentucky Workers' Compensation Fund, is a not-for-profit fund that has been writing workers' compensation coverage for Kentucky employers for 37 years. With over 7,200 members and more than $59,000,000 in premiums, KESA is one of the largest and most financially stable providers of workers' compensation in the state.

KESA is sponsored by the Kentucky Employers' Safety Association. The sole purpose of the association is to promote safety and health in the workplace.

Financially Stable

While other workers’ comp providers have come and gone, KESA has stood strong for 37 years. Our longevity stems from our commitment to be a fiscally responsible fund. KESA is regulated by the Kentucky Department of Insurance, which performs...Read More

While other workers’ comp providers have come and gone, KESA has stood strong for 37 years. Our longevity stems from our commitment to be a fiscally responsible fund. KESA is regulated by the Kentucky Department of Insurance, which performs periodic comprehensive audits. We are required to submit actuarial reporting as well as financial reporting annually to assess our strength and integrity as a self-insured fund. In addition to state regulation, a member-elected Board of Trustees oversees KESA and closely monitors the fund’s activities.

KESA’s formula is simple. We keep our administrative expenses in check and make optimum use of each premium dollar through strategic investments. From our efficient in-house claims handling to our tight accounting controls to the way we invest our members’ funds, KESA is a watchful guardian of our members’ money. KESA delivers the strong financial performance our members can trust. Read Less

Not-For-Profit

Unlike conventional insurance companies with ambitious profit goals, KESA is a not-for-profit fund. If we collect more premiums than needed for administrative and claims costs, we return the unused premiums to our members by...Read More

Unlike conventional insurance companies with ambitious profit goals, KESA is a not-for-profit fund. If we collect more premiums than needed for administrative and claims costs, we return the unused premiums to our members by lowering premiums, increasing members' equity, or paying dividends.

Some companies have shied away from workers' comp funds because of a fund's right to assess additional premiums. KESA works diligently every day to negate any possibility of an assessment. First and foremost, KESA reserves properly for all claims activity, meaning we set aside an appropriate amount of funds to cover claims to their ultimate cost. Also, KESA properly evaluates and prices each account and we educate each member company in safety and loss prevention. KESA also uses a portion of members' premiums to purchase excess insurance - insurance provided by another carrier that assumes a part of the financial liability of catastrophic claims - and KESA strategically invests members' premium dollars, which generates investment income that is used to offset expenses. Read Less

Local

KESA's only objective is to write workers' comp coverage in the Commonwealth of Kentucky. That means, like you, we live here and work here. We've traveled the state many times over to...Read More

KESA's only objective is to write workers' comp coverage in the Commonwealth of Kentucky. That means, like you, we live here and work here. We've traveled the state many times over to handle claims, offer safety and loss prevention seminars, and meet with our members and agents. KESA has been writing coverage in Kentucky for 37 years, which means we know the key people in workers' comp - the doctors and other medical providers, lawyers, and administrative law judges. That means KESA knows the right person to call to get you the help you need fast. KESA knows Kentucky. Read Less

KESA 2015 Annual Report
about-kesa-difference

Board of Trustees

Sean M. Garber
Algar, Inc.
Louie Seger
BeeLine Courier Service
 
Jerry G. Hale
Keeneland Association, Inc.
Bill Shadburne
Almost Family, Inc.
 
Clyde D. Lang
Cedar Lake, Inc.
Tony Stottmann
Wells Fargo Insurance Services of Kentucky, Inc. - Retired
Jane Broadwater Long
Lawyers Mutual Insurance Company of Kentucky