Oklahoma Workers' Compensation

How you care for your employees can reflect how they care for your business. A way to demonstrate your concern for them is to provide comprehensive insurance to help ensure their safety and security on the job.

Rather than risking your employees’ safety and your business’s security, PolicySweet® offers Workers’ Compensation plans that can protect your employees, business, and budget.

Contact us to request your quote or complete our online form to get your instant Oklahoma Workers’ Compensation quote.


What You Need To Know About Workers’ Compensation in Oklahoma

According to the Oklahoma Statutes Title 85A — or the Workers’ Compensation Act — most employers should carry Oklahoma Workers’ Compensation insurance to help cover their employees

Exempt from this law are sole proprietors without employees, LLC members with less than 10% liability, stockholders with less than 10% capital, and family-owned businesses with five or fewer employees who are also family members.

Employers or business owners that fail to secure a comprehensive Oklahoma Workers’ Compensation insurance policy for their employees could be given a penalty.

Furthermore, they could be required to pay penalty fines of up to $1,000 per day to the Workers’ Compensation Commission. Additional penalties could be imposed depending on the situation such as preventing the employer from engaging in further employment.

What Are the Benefits Workers Can Receive From Oklahoma’s Workers’ Compensation

Employees who sustained an injury while working can recover compensation for the damages they endured. The amount of their compensation can vary depending on the severity and extent of their injuries.

Benefits Available

Workers’ Compensation can cover several benefits like:

  • Medical Benefits: An injured employee can receive medical treatments and services for their condition. This can include hospitalization, surgeries, medications, physical therapy, etc.

  • Rehabilitation Benefits: If the employee suffered physical impairment, they could also receive specialized care to help them cope with their injuries.

  • Lost Wages: If the employee suffers from a work-related injury, they can receive compensation for their missed wages while they recover.

Why Should You Purchase Workers’ Compensation for Your Team?

Providing Workers’ Compensation benefits to your employees may not just be a legal obligation but it could also be an ethical one. Helping to ensure that your team receives the proper compensation for damage they might endure while working for you can be important to the overall success of your business.

Here are some reasons why you should consider purchasing Workers’ Compensation for your team.

Legal Compliance

First, not complying with this legal standard could result in hefty penalty fines. Non-compliant employers can face up to $1,000 in penalty fines per day and additional assessment fines.

Financial Security

Workers’ Compensation insurance can provide financial security to your team in case of an unfortunate incident. Without this coverage, employers may have to bear the costs associated with their employees’ injuries.

Improve Employee Confidence

Knowing that the company can take care of their staff if an injury happens at work can help improve the confidence of your employees in the workplace. This could lead to improved performance and overall satisfaction from your team.

Mental Peace

Having the proper coverage for your team can also offer “peace of mind”. You can rest assured that you have taken necessary precautions to help protect them in case of unprecedented mishaps.

Get Your Oklahoma Workers’ Compensation With Our Swift and Easy Process

As a small business owner, you might be discouraged from purchasing a comprehensive Workers’ Compensation policy as you might see it as an added expense. However, employee safety and legal security might not be something you want to risk.

If you want to obtain Workers’ Compensation coverage, PolicySweet can help. With our flexible and personalized Oklahoma Workers’ Compensation plans, you can get insured and provide your team with financial security in case of an injury.

Contact our team today or complete our online form to receive your hassle-free Workers’ Compensation quote in just a few minutes.

Please Note: State-specific information is subject to change at any time. Always consult with your state’s official information and resources for the most accurate information.