Requirements:
Companies with 1 or more part-time or full-time employees must buy a workers compensation insurance in Oklahoma.
Sole-Proprietors & Partners are automatically excluded from coverage, but they can choose to include themselves on a work comp policy.
Sole-Props, Partners & LLC Members who include himself/herself on a workers compensation policy must utilize a $44,400 minimum payroll amount for premium calculation purposes. (as of January 1. 2017)
Corporate Officers & LLC Members are excluded by default for work comp coverage, but they may choose to be included on a policy. LLC Members or Corp Officers must own at least 10% for the exclusion to be applicable.
Corp. Officers who include themselves on a policy must use a $44,200 minimum payroll of and a $176,800 maximum payroll for calculating work comp insurance premium.