Workers’ Compensation Insurance in Jenks, OK

As an employer, you bear the responsibility of helping employees maintain their health and wellness. This important duty typically requires a multilayered approach, as workplace safety measures and ample precautions are not always enough to fully prevent accidents and subsequent employee ailments. That’s why understanding and securing an appropriate workers’ compensation insurance policy is essential to your risk management practices.

What Is Workers’ Compensation Insurance?

Required in most states, including Oklahoma, workers’ compensation insurance policies can cover employees against the financial ramifications of on-the-job injuries and illnesses. Your insurance may issue payouts and benefits in response to many common workplace accidents, including cuts, falls, sprains, contusions, burns and repetitive stress injuries. Without such resources, your staff could face an uphill climb in recovering from work-related health issues and may have no choice but to sue your business.

What Can Policies Cover?

After an employee has been injured on the job or developed a work-related injury, they can submit a claim against your workers’ compensation insurance policy. If approved, these claims may garner critical aid, potentially helping to fund the following:

• Health care costs—If employees require medical attention, your insurance may help them access essential care and pay the resulting bills.
• Lost wages—Employees’ injuries and illnesses may impact their ability to work, but workers’ compensation coverage can help them maintain partial income during these times.
• Vocational rehabilitation expenses—In some cases, an employee may not be able to return to their previous job. In such cases, payouts may assist with training and education costs, allowing them to find a new position.
• Death benefits—Following a fatal work-related injury or illness, workers’ compensation insurance may offer financial aid to an employee’s family.

How Much Does Coverage Cost?

Your business’s workers’ compensation insurance rates may be influenced by a multitude of factors, including the following:

• Location
• Number of employees
• Industry
• Total payroll
• Coverage limits
• Claims history

How to Get Workers’ Compensation Insurance Near Me

Contact HBI Insurance today to learn more about workers’ compensation coverage options in the Jenks area or to get a free quote.