On Dec. 10, OKL INS decreased workers’ comp ins loss costs for 2025.
OKL INS approved 9.2% decrease in 2025 workers’ compensation insurance loss costs.
This reduction means lower premiums for many Oklahoma businesses in 2025.
Loss costs are average cost of lost wages and medical payments of workers injured per $100 of payroll or as a percentage of payroll; since 2011, costs have decreased 71%.
Effectiveness
New loss costs will go into effect for new and renewing policies effective Jan. 1, 2025.
