Compsource Mutual Insurance Company Overview

Compsource Mutual Insurance Company is a leading provider of workers’ compensation insurance for businesses in Oklahoma. Established in 1933, it has since grown to become one of the largest workers’ compensation insurers in the state. Compsource Mutual Insurance Company is a mutual insurance company, meaning it is owned by its policyholders rather than by shareholders.

History of Compsource Mutual Insurance Company

Early Beginnings

Compsource Mutual Insurance Company was founded in 1933 as the Oklahoma State Industrial Commission Insurance Fund. Its purpose was to provide affordable workers’ compensation insurance to Oklahoma businesses during the Great Depression. Over the years, Compsource Mutual Insurance Company has adjusted to changing economic conditions and evolving business needs, but its commitment to its policyholders has remained steadfast.

Recent Years

In the last decade, Compsource Mutual Insurance Company has focused on expanding its products and services to meet the needs of businesses in Oklahoma. It has also established partnerships with other insurance providers to offer a range of insurance coverage to its policyholders. In 2018, Compsource Mutual Insurance Company celebrated its 85th anniversary and its continued commitment to its mission of providing affordable and comprehensive workers’ compensation insurance.

Products and Services

Compsource Mutual Insurance Company offers a range of products and services to meet the needs of businesses in Oklahoma. Its primary product is workers’ compensation insurance, which is required by law for most businesses in Oklahoma. Compsource Mutual Insurance Company also offers general liability and other related insurance products to its policyholders.

Workers’ Compensation Insurance

Compsource Mutual Insurance Company offers workers’ compensation insurance for a variety of industries, including construction, healthcare, manufacturing, and more. Its workers’ compensation insurance policies cover medical expenses, lost wages, and rehabilitation services for injured workers. Compsource Mutual Insurance Company also provides safety training and risk management services to help prevent workplace injuries.

General Liability Insurance

In addition to workers’ compensation insurance, Compsource Mutual Insurance Company offers general liability insurance to protect businesses from lawsuits and other legal expenses. Its general liability insurance policies cover bodily injury, property damage, and other liability risks that businesses may face. Compsource Mutual Insurance Company also offers excess liability insurance for businesses with higher liability risks.

Other Insurance Products

Compsource Mutual Insurance Company also offers a range of other insurance products to its policyholders, including auto liability insurance, crime insurance, and property insurance. Its comprehensive insurance coverage allows businesses to protect themselves from a variety of risks and liabilities.

Customer Service

Compsource Mutual Insurance Company is committed to providing excellent customer service to its policyholders. It offers a variety of resources and services to help businesses manage their insurance policies and claims, including:

Online Account Management

Policyholders can manage their insurance policies and claims online through the Compsource Mutual Insurance Company website. The online portal allows policyholders to access their account information, make payments, and file claims quickly and easily.

24/7 Claims Reporting

Compsource Mutual Insurance Company offers 24/7 claims reporting for its policyholders. Businesses can report workplace injuries and accidents at any time, and Compsource Mutual Insurance Company will begin the claims process promptly.

Customer Service Representatives

Compsource Mutual Insurance Company has a team of customer service representatives who are available to answer policyholders’ questions and provide assistance with their insurance policies. Policyholders can contact the customer service team by phone, email, or through the online portal.

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