If you own a business in Oklahoma, it’s important to have all of the commercial insurance that you need to keep it well-protected. It’s helpful to know what kind of policies are available as well as which types may be mandated by the state for your business. Many businesses are required to have certain types of commercial insurance in order to provide protection to the public, but these policies also protect your business.
To get the business insurance you need, call us at D & E Insurance Agency in Muskogee, OK to get started.
Required Commercial Insurance in Oklahoma
Workers’ Compensation Insurance
This is a type of commercial insurance that protects both you and your employees. In Oklahoma, every business that has any number of employees, even just one, is required to have workers’ compensation insurance, often referred to as workers’ comp. It is required whether your employees are part-time or full-time. This type of commercial coverage pays for the many costs that can be due after an employee has an accident with an injury while working. If there is an accident, the policy pays for their medical bills, any legal costs associated with the injury, and disability benefits to the employee if they are needed. This ensures that those costs can be covered no matter what the size of the business.
Commercial Auto Insurance
Also required by the state is commercial auto insurance when applicable. When an Oklahoma business owns a vehicle, it must be covered by one of these policies. This ensures that after an accident, the insurance company will pay for the claim. If you have personal insurance on a work vehicle, the company is unlikely to pay any part of the claim. Having this insurance protects your business as well as people who get into an accident with one of your company’s vehicles.
Get Commercial Insurance
When you need this type of insurance, we can help. Call us now at D & E Insurance Agency in Muskogee, OK.