Workers Compensation & Employer's Liability Insurance

If you are an Oklahoma business owner with employees, workers’ compensation insurance is not just a good idea – it’s legally required.  This insurance protects both workers and employers who are injured or become ill during their employment.  Workers’ compensation provides for disability, medical and rehabilitation benefits for employees who are injured on the job.  It also includes death benefits for the employee’s dependents In the event of accidental death. Another benefit of an Oklahoma workers’ compensation policy is that it provides protection for employers from liability lawsuits outside the workers’ compensation system.

Employees can opt out of coverage, but employers can be fined up to $2,500 a day if it is not offered. Further, employers who do not offer workers’ compensation to employees can face a Class D felony charge with a mandatory minimum one-year prison sentence. It is illegal to terminate employment for someone who is injured on the job or files a workers compensation claim.

Tulsa Family Insurance can assist you with determining what workers’ compensation coverage is best for your company. We will search for competitive rates and provide information to help you understand how to protect your business and employees with this very important coverage.