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Is Workers' Comp Required in Oklahoma

Oklahoma Workers Compensation Requirements

    Employers with one or more full-time or part-time employees are required to carry workers compensation insurance in OK.

    Sole-Proprietors and Partners are excluded for workers compensation by default, but they can elect to be covered on a policy.

    Corporate Officers and LLC Members are also automatically excluded for work comp coverage, but they may elect to be included. Owners of either a corporation or LLC must own at least 10% for the exclusion to apply.

    There are no exceptions numeric exceptions for employers in Oklahoma. All employees are required to be covered under workers compensation insurance.

Workers' Comp Exemptions in Oklahoma

    Sole-Proprietors, Partners and LLC Members who include themselves on workers comp coverage must use a minimum payroll amount of $45,100 for rating their overall workers' compensation cost. (As of 01/01/2019)

    Officers who are not excluded from coverage must utilize a minimum payroll of $44,200 and a maximum payroll annual amount of $182,000 for the purpose of rating work comp insurance premium. (As of 01/01/2019)

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How is Workers Comp Calculated?

Workers' compensation is a commercial insurance product categorized as Property & Casualty insurance (P&C Insurance). Even though workers comp is calculated using estimated payroll wages and class codes, premium is still a separate business expense from the cost of payroll. Business owners may treat the cost of coverage as an expense on their taxes.

Work comp rates for all job classification codes are always expressed as a percentage of $100 in wages. An annual policy is always subject to an audit because it was based on estimated wages and not actual wages.

Here is an example using two class codes with different estimated payroll for each class code:

Class Code Insurance Companies Rate Per $100 Estimated Annual Payroll Divide Payroll by 100
8810 Clerical $0.28 base manual rate $25,000  (25000 divided by 100) 250
8835 Home Health Care $1.75 base manual rate $100,000  (100000 divided by 100) 1000

In order to calculate the cost of the policy you only need to multiply each rate with its divided payroll. It benefits employers to re-calculate their premium as their payroll becomes larger than originally anticipated.

Class Code Workers Comp Calculator Estimated Premium
8810 Clerical $0.28 X 250 $70.00
8835 Home Health Care $1.75 X 1000 $1,750.00
Workers' Compensation Laws Vary by State

Every state has their own rules for how employees must be covered and how they must be classified for rating premium. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in Oklahoma can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State Insurance Fund, is available for employers who are unable to find coverage from a private company. can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and previous insurance claims.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in Oklahoma.

$O Deposit or Minimum Down

We've developed Pay As You Go workers compensation programs that reduce or eliminate premium deposits and allow Oklahoma employers to report and pay premium based on actual payroll wages. Protect your business from audits.

Easy Monthly Payments

We've negotiated special deals with many of our insurance partners. We offer more flexible payment options, like 12 equal installments plans and monthly reporting programs, to help improve cash flow for our business owners.

Tough Class Codes

We've partnered with over 25 workers' compensation insurance companies with a broad range of industry appetites to help make sure we have underwriters ready and willing to quote coverage for almost every classification code.

Oklahoma Workers Compensation Insurance Quotes

OK Workers' Comp Specialists

Insurance rates in Oklahoma have been on a steady incline over the past few years as a lot of carriers continue to increase insurance rates each year. Oklahoma employers may benefit when the shop their workers' compensation rates with multiple insurance providers in 2020.

Help with OK Class Codes

Insurance rates vary significantly between NCCI classification codes. Let our OK Workers Compensation Specialists help you determine your correct workers compensation class codes before your buy a policy. We'll help make sure your business is properly covered.

Fast Workers' Comp Quotes

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

Compare Rates With More Carriers

We're a National Agency, and we have tons of carriers offering work comp in Oklahoma. We have access to over 35 insurance companies with a diverse appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.


Did you know that the cost of a workers comp policy in Oklahoma can vary significantly between insurance company, underwriter, and insurance agency?
Find the best deal on workers compensation insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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