A new insurance company is planning to launch in Lexington.
The company is called Kin Insurance and it is looking to expand its insurance offerings to cover all types of insurance policies.
The company will offer a range of plans, ranging from policies that cover the elderly, to policy that cover workers, to policies that protect renters, to insurance that covers the disabled.
Kin is looking for companies to partner with and hire, and they’re hiring the right people.
“We have a good team of experienced and talented professionals that are looking for the opportunity to help us grow,” said David M. Riddick, president and CEO of Kin Insurance.
“I think that Lexington is the perfect place for Kin Insurance to start and we are excited about the future of this new company,” said Erin D. Hurd, Kin Insurance CEO.
Kin Insurance is not the first company to make the move into Lexington, but it is the first in the state.
Kin launched in the city of Boston last year and now has plans to expand to the rest of Massachusetts.
Kin Insurance is working with local businesses, the Lexington Chamber of Commerce and the Lexington Partnership to offer coverage in areas that have the highest number of insurance claims.
It has also been looking for local partnerships that can help the company expand and build on its success.
Kin says it’s looking for two to three employees for a full-time position, but the company says it can bring on more people as needed.
Kin has received a $1 million grant from the Kentucky Innovation Fund to expand into Lexington.
Kin is also looking to raise a $50,000 grant to expand in other parts of the state, according to a press release.