How is Oyster different?
Our goal is to reduce the headaches that come along with running a business…at least those related to insurance. Everything about Oyster is designed to save you time and hassle when buying insurance and to provide exceptional support to you along the way. Insurance isn’t a transaction for us, it’s a relationship. Get to know us by reading about us.
What is Workers’ Comp?
Workers Compensation insurance is a product designed to protect employees who get injured or harmed while on the job, regardless of who is responsible for the injury and businesses from lawsuits arising from employee injuries. It is required in most states (except…) so it is not optional! Workers Comp insurance also covers wage replacement, medical benefits, death benefits, and more. Please contact us to learn more.
Do I need it?
Even if it weren’t required by law, it’s still an important thing to have because it protects your employees and your business from the consequences of work-related injuries—medical bills, lost wages, and more. No one ever plans or wants to actually use their Workers’ Comp insurance, but 100% of the businesses who have needed it were glad they had it. And Oyster’s approach makes it as easy as seafood pie!
How do I get a policy?
If you call outside of business hours (M-F 8 AM – 5 PM ET), leave us a message with your name and phone number and we will call you back within 1 business day. You can also fill out the form on the home page and we’ll reach out to you.
You can also purchase a policy from our select partner agents. (They would then be your primary contact for changes to your policy or questions you may have, but feel free to give us a call too!)
Our real-time application with online binding will be launching soon.
Can I switch to Oyster if I already have a policy?
What is Pay As You Go?
With Pay As You Go, your premium is calculated EVERY TIME you run your payroll. That way, you always pay exactly what you owe, no matter how your payroll fluctuates over the course of the year. And then, at the end of the year, there’s no worrying about whether you’ve over- or underpaid — you’re all set!
It is also much better for your business’ cash flow, as you’re not paying the whole premium up-front, but rather (wait for it…) paying as you go!
How is the price of my policy calculated?
How do I file a claim?
How do I make a change to my policy?
Do I need to update my policy when I hire or terminate employees?
Policies are underwritten and issued by member companies and affiliates of Oyster Insurance, LLC. Property & Casualty business is underwritten by Lancer Indemnity Company. Lancer maintains reinsurance coverage with General Reinsurance Corporation, a Berkshire Hathaway company that is rated A++ by A.M. Best.
© 2018 Oyster Insurance, LLC. and © Oyster Insurance Services, LLC. All Rights Reserved.