Commercial Insurance in Oklahoma
Business Auto Insurance
Business Auto Insurance provides coverage for vehicles used for commercial purposes. The vehicles used in your business require the same types of coverages as your personal vehicles-liability, collision and comprehensive, medical payments, and uninsured motorists. Depending on the type of driving being done and who is doing the driving, you may need more coverage than a personal policy can provide.
General Liability Insurance
Owning a business puts you at more risk to be sued, unfortunately, and the chances of being sued as a business owner have increased significantly within the last few years. Having General Liability Insurance can provide protection financially in the event of a lawsuit against your business. It can pay for losses that occur due to bodily injury, property damage, or if someone is injured on your property as well as legal fees and personnel that are required in a lawsuit.
Workers Compensation Insurance
Workers Compensation Insurance provides employers financial assistance with paying out Workers Compensation benefits to employees who are injured while at work. While Workers Compensation laws were put in place to protect employees, most states require employers to carry some form of Workers Compensation insurance to protect themselves and assist with paying out benefits should a claim occur. Workers Compensation Insurance is different than health insurance in that it is specifically used for paying for injuries that occur while on the job.
In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.