Oklahoma Business Insurance
Customized protection for your Oklahoma business
As a small business owner in Oklahoma, you should consider several types of business insurance to protect from a variety of work-related incidents. Customer slips and falls, natural disasters and employee injury are a few of the many incidents that can threaten the financial health of your business.
There are over 371,000 small businesses in Oklahoma that collectively employ more than 51% of the state’s workforce, according to the Small Business Administration. Most employees are required by state law to be covered under a workers’ compensation policy.
Shop for workers’ compensation, general liability and more through the Progressive Advantage® Business Program. Our licensed specialists can help you get a quote that meets your needs.
Types of OK business insurance
How much does business insurance cost in Oklahoma?
The cost of an Oklahoma business insurance policy depends mostly on your profession. Businesses are typically rated on the risks and exposures that are common to their industry. High-risk professions, like general contractors and manufacturers, typically pay more for coverage.
Other factors that affect your rate include your business’s location, size and coverage needs. For example, a business located in a populated area like Oklahoma City can expect a different rate than a business located in a rural area like Stillwater.
Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for your unique situation.
Oklahoma business insurance requirements
Workers’ compensation is the only type of business insurance required by Oklahoma state law. Most businesses with one or more employees are required to carry workers’ comp and can get coverage through a private insurance carrier.
Some businesses, including independent contractors and certain agricultural and horticultural businesses, might not require coverage. Family businesses that employ five or fewer people, all of whom are relatives, might also be exempt. Learn more about workers’ compensation in Oklahoma.
While Oklahoma doesn’t legally require you to carry other types of coverage, like general liability or a BOP, many prospective clients and landlords do. These requirements typically appear in contracts that specify the coverage types and amounts you must carry before beginning work or leasing commercial property.
Resources for Oklahoma small business owners:
Oklahoma professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Oklahoma cities
We can customize business insurance in all Oklahoma cities, including, but not limited to:
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