Workers Compensation Insurance
Protect Your Employees and Your Business
Workers compensation insurance is required by law in Oklahoma for most businesses with employees. It provides coverage for medical expenses, lost wages, and rehabilitation costs for employees who are injured or become ill as a result of their job. Beyond the legal requirement, workers' comp protects your business from costly lawsuits and demonstrates your commitment to employee well-being.
Oklahoma requires most employers with one or more employees to carry workers' compensation insurance. Failure to comply can result in significant fines, penalties, and personal liability for workplace injuries. The Oklahoma Workers' Compensation Commission oversees compliance.
Coverage Options
Medical Benefits
Covers all reasonable and necessary medical treatment for work-related injuries and illnesses, including emergency care, hospitalization, surgery, physical therapy, and prescription medications. There is no deductible for the injured employee — all covered medical costs are paid directly by the insurance carrier.
Lost Wage Replacement (Temporary Disability)
Provides income replacement for employees who are temporarily unable to work due to a work-related injury or illness. In Oklahoma, temporary total disability benefits are typically 70% of the employee's average weekly wage, subject to state-mandated maximum and minimum limits.
Permanent Disability Benefits
Compensates employees who suffer permanent impairment as a result of a work-related injury. Benefits are calculated based on the nature and extent of the permanent impairment and the employee's pre-injury wages, providing long-term financial support for seriously injured workers.
Vocational Rehabilitation
Provides job retraining and vocational services for employees who cannot return to their previous position due to a work-related injury. This helps injured workers re-enter the workforce in a capacity that accommodates their physical limitations.
Employer's Liability Coverage
Protects your business from lawsuits filed by employees who allege that employer negligence caused their injury or illness. While workers' comp typically provides the exclusive remedy for workplace injuries, employer's liability coverage responds to claims that fall outside the standard workers' comp system.
Frequently Asked Questions
Yes, Oklahoma law requires most employers with one or more employees to carry workers' compensation insurance. There are limited exemptions for certain agricultural employers, sole proprietors, and some family members. Failure to maintain required coverage can result in fines up to $1,000 per day and personal liability for all claim costs.
Top 3 Recommended Policies
Founder & CEO of Thrive Insurance
- 1Medical Benefits
- 2Lost Wage Replacement
- 3Employer's Liability
Why Choose Thrive?
- Oklahoma workers' comp compliance experts
- Experience modification rate (EMR) management strategies
- Return-to-work program guidance to reduce claim costs
- Multiple carrier options for competitive pricing
- Dedicated claims support to protect your business
We can help you with any of your insurance needs!
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