If you own a small business in Pryor OK, you want to protect your investment. Knowing what kind of insurance is required will help you choose the right policy for your business. Safe Insure Plus LLC understands that commercial insurance is full of complexities. If you are considering your insurance options, here’s what you should know.
Does Oklahoma Require Liability Insurance?
If you own a business, you are not required to have general commercial liability insurance. Still, you will find few businesses that do not have liability policies. If you want to protect yourself, it is important to carry liability insurance to prevent the serious impact of a lawsuit. Additionally, some businesses and clients will not work with other businesses that do not carry liability insurance.
Does Oklahoma Require Workers’ Compensation?
Oklahoma does require workers’ compensation insurance. Whether you employ full-time or part-time employees, your business must have workers’ compensation insurance. This insurance covers work injuries and illnesses.
Does Oklahoma Require Commercial Auto Insurance?
If your business owns vehicles that are used for work purposes, commercial auto insurance is a requirement in your state. Auto liability in Oklahoma requires $25,000 per person and $50,000 per accident. Commercial auto insurance requirements also include $25,000 for property damage liability per accident.
Learn More About Commercial Insurance in Oklahoma.
Do you own a business? Do you want to make sure that you are covered if something does happen? Safe Insure Plus LLC, which serves Pryor, OK, can help you choose the right insurance for your business to ensure that you meet the state’s requirements and have protection that is more than adequate.