Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current polcy limits. It also covers you for events that would otherwise be excluded from your other policies.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Medical malpractice insurance is a type of professional liability insurance that protects healthcare professionals from claims of medical negligence or malpractice that results in injury or death. It covers your defense and any settlement costs.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
What insurance do I need to start a business in Oklahoma?
Oklahoma requires that you have a Workers' Compensation and a General Liability insurance. For more information, check the state insurance department for the guidelines.
What limits do I need for a General Liability insurance in Oklahoma?
There is no right or wrong amount, but as a general rule of thumb carry at least $500,000 to $1 million.
What happens if I don't buy insurance in Oklahoma?
Although you may not experience a loss or lawsuit as soon as you start a business, the reality is that you don't know what the future holds. An accident or a lawsuit will instantly ruin your business.
What are the requirements to get an insurance quote in Oklahoma?
Depending on the type of insurance you're buying, you may be required to provide claims history, business revenue figures, and employee records, as well as vehicle and business property information.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: