How does your city measure up to the national average?

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Broken Arrow10,9972.651.6
Midwest City3,7065.243.38
Oklahoma City58,8159.435.76

Business Insurance in Oklahoma FAQ - Quick Answers

While you won't know your exact premiums for business insurance without custom quotes, you can be aware of how Oklahoma carriers rate your policy based on the risk factors below:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

Business insurance is required in Oklahoma if you have employees or commercial autos. Workers' compensation is necessary with just one employee on staff. Likewise, a business auto policy is needed at the state minimum limits. Other coverages are not mandatory but are needed for complete protection.

Your Oklahoma business will be unique and in need of specific coverages for proper protection. Below are some common foundational insurance policies that apply to most operations:

In Oklahoma, general liability insurance will typically be your first policy and it covers things like the following:

In Oklahoma, health insurance plans don't have to be offered until you have 50 employees or more. However, if you're looking to provide additional benefits, then quotes for affordable health coverage can be done through a local independent insurance agent for free.

In Oklahoma, Nationwide, Travelers, Hiscox, and Hanover insurance companies come highly rated among peers. This is because of their superior coverage offerings and exceptional claims service. The best carrier for your business can be researched with a local adviser.

Do You Know What Your Business Insurance Covers in Oklahoma?

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