Workers Compensation

Workers Compensation Insurance in Oklahoma 
Serving Weatherford, Hydro, Clinton, Hinton, and surrounding areas. 


What is Workers Compensation?

Workers Compensation, also known as “Work Comp”, laws were put in place to protect employees who get injured while on the job. It also ensures that they are provided adequate financial assistance should they have to miss work due to the injury. Having these laws in place eliminates the need for legal action and makes it a much easier process for both the employee and employer. In many states there is a limit to how much the employee can collect, which also protects the employer from having to pay an unfair amount to an injured employee.

 

What is Workers Compensation Insurance?

Workers Compensation Insurance was created to help companies pay the benefits to the employees who are injured on the job. Work Comp Insurance is a policy designed to provide financial assistance to employers who have to pay benefits to an injured employee.

Work Comp insurance is unique in that it provides payment to the employee regardless of who is at fault for the accident as long as it occurs while on the job. Whether on the workplace premises or elsewhere or in an auto accident while on business, work comp insurance will provide coverage for the employee. Work Comp insurance can help with paying for medical bills, lost income, and work-related illnesses. It also provides death benefits to surviving spouses and dependents.

 

Do I need Workers Compensation Insurance?

In almost every state Workers Compensation Insurance is mandatory. Even in states where coverage is not mandatory, it is a good idea to have this type of insurance if you have a lot of employees or if they are involved in hazardous or dangerous activities on the job.

 

Things to Consider:

Each state has different laws about amount and duration of lost income benefits and the provision of medical and rehab services. This means that in most states there are rules about who can choose the doctor and who treats injuries and who resolves disputes about benefits.

Workers Compensation Insurance must be bought as a separate policy. While Business Owners (BOP) insurance is a package policy, workers compensation benefits are not covered. It must be purchased as a stand-alone policy.

 

 Ready for a quote or have more questions about Workers Compensation Insurance? Give us a call at 580-772-7101 or click here to fill out our online Quote request form! 

 

Updated July 2021