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WORKERS COMPENSATION INSURANCE

We offer a wide range of Workers’ Compensation Insurance for your business Click and option below to learn more.

Oklahoma Workers' Compensation Insurance

A small business owner’s guide

Workers’ compensation insurance, commonly known as workers’ comp, is insurance that covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Coverage also includes employee rehabilitation and death benefits.

How does workers’ compensation insurance work?

Each state has its own unique set of workers’ compensation laws that employers must follow. These regulations help ensure that employers provide coverage for the cost of work-related injuries or occupational diseases, regardless of employee negligence.

An employee can only receive benefits if their injury or illness relates to their job duties or employment. Workers’ comp insurance could cover injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.

If an employee isn’t acting within the scope of their employment and becomes injured, such as playing football with friends on a day off, workers’ comp insurance won’t cover them.

Who needs workers’ comp insurance?

Workers’ compensation insurance is required by law in almost every state. Some worker exemptions exist, so you’ll want to check with your state to find out if coverage is mandatory for your business.

Choosing to forgo workers’ comp coverage puts your business at high financial risk. Not only can you face a lawsuit for workplace injuries, but you’ll likely be fined for breaking the law.

Keep in mind, workers’ comp insurance protects not only your employees, but your small business too. For example, if your insurance is compliant with state law, an employee who receives benefits can’t sue you for their injuries or lost wages.

They can, however, sue you for things that aren’t covered under the workers’ comp portion of your policy. Employer’s liability insurance is also included in your policy to pay for court costs and legal fees if you’re involved in such a lawsuit.

How much does workers’ comp insurance cost?

In 2020, the national average monthly cost for workers’ compensation insurance through the  Remember, this is only an average. Your rate will depend on specific qualities of your business including your state, payroll and claims history.

You may also start a quote online, or contact us directly to speak with an in-house agent who can help you find coverage.

We offer workers’ comp insurance in the following states:

  1.  Oklahoma
  2.  Texas
  3. Indiana
  4. New Hampshire

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Oklahoma Workers Compensation Insurance Quotes

As an independent insurance agency we have access to multiple top-rated insurance companies. We’ll shop the competition on your behalf to find the best deal!

Contact Us

OKC Insurance Brokers
11901 N MacArthur Bvld Suite D9
Oklahoma City, OK 73162 
Phone: (405) 509-9433

OKC Insurance Brokers
5350 S Western Ave #724
Oklahoma City, OK 73109 
Phone: (405) 509-9433 x5   Aseguranza Solo por cita

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