If one of your employees is injured on the job, you’re liable. That’s why you need the right Workers’ Compensation insurance for your business.
When we think of employees needing Workers’ Compensation, we might think of employees working in a dangerous field such as construction, truck driving, or commercial window cleaning; however, all working people risk injury every day. Sitting behind a desk working on a computer may cause injuries from repetitive motion, just as the construction worker can suffer extensive back injuries from falling from a scaffold while at work.
What exactly is Workers’ Compensation Insurance?
Workers’ Compensation is a mandatory form of insurance carried by many businesses providing medical benefits and partial wage replacement to employees injured in the course of employment. In exchange for the benefits provided, the employee gives up his/her right to sue their employer for negligence. It also provides compensation for disability and rehabilitation benefits for employees injured on the job.
Who Needs Workers’ Compensation Insurance?
Oklahoma state law requires employers to provide workers’ compensation insurance for their employees to ensure compensation for disability, medical, a portion of lost wages, and rehabilitation benefits, for employees who are injured or become ill on the job. Sounds like every business should carry Workers’ Compensation insurance regardless of how many employees there are, doesn’t it?
What are the benefits covered under Oklahoma Workers’ Compensation Insurance?
Workers’ Compensation is a no-fault system, therefore, you are covered from your first day of employment, even if your own carelessness causes your injury.
Benefits include:
- Medical care
- Weekly income benefits
- Permanent disability benefits
- Survivors’ benefits
- Rehabilitation
*Be aware that most Workers compensation policies DO NOT provide compensation for injuries or lost wages resulting from an injury/illness that occurs outside the scope of employment.
Below is a list of injuries that are compensable under the Oklahoma Workers’ Compensation Policy. The list below can include the following, but not limited to:
- Disfiguring scars
- Heart attacks
- Hernias
- Broken bones
- Repetitive motion injuries
- Vision Loss
- Strains/Sprains
- And much more
In the last year, Oklahoma’s Workers’ Compensation laws have undergone changes, so our professional, independent agents at RCI Insurance Group can answer any of your questions to ensure you get the right coverage for your business needs at the right price.
Call 918-341-6081 for a Workers’ Compensation Insurance quote today!
