Safety National Introduces Oklahoma Alternative Workers’ Comp Policy

April 24, 2014

Safety National Casualty Corp. has introduced Oklahoma Elect, an employers’ excess indemnity policy that provides excess coverage over an occupational injury benefit plan, as well as excess employers’ liability coverage to Oklahoma qualified employers who choose this alternative to traditional excess workers’ compensation coverage.

Safety National created Oklahoma Elect in response to Oklahoma’s passing of SB 1062 into law on May 6, 2013. The law allows employers the choice to manage employee injuries under an on-the-job injury benefit plan platform in lieu of the state’s workers’ compensation system. It was effective Feb. 1, 2014.

Oklahoma Elect was filed and approved by the Oklahoma Insurance Department on March 26, 2014, and Safety National is now accepting applications. Full details about Oklahoma Elect can be found on Safety National’s Oklahoma Elect web page.

Source: Safety National Casualty Corp.

 

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