CompSource Mutual donates $250,000 to support healthcare workers, first responders and families affected by COVID-19

Thursday, April 23, 2020 6:00 am

by Megan Huntley

OKLAHOMA CITY (April 23, 2020) - CompSource Mutual Insurance Company, an Oklahoma-based business that provides workers’ compensation coverage to roughly one-in-three companies in the state, is donating $250,000 to assist in the COVID-19 response. Three separate funds in Oklahoma City and Tulsa are receiving donations from CompSource Mutual.

The OU Health Sciences Center and OU Medicine Fund will receive $100,000 earmarked for assisting medical personnel. To assist families coping with lost wages and similar hardships due to COVID-19, the Tulsa Area COVID-19 Response Fund, formed by the Tulsa Area United Way and the Tulsa Community Foundation, will receive a $100,000 donation. Similarly, the United Way of Central Oklahoma’s COVID-19 Response Fund will receive $50,000.

“Our policyholders include many Oklahoma businesses that are currently experiencing the emotional, physical and financial tolls of this pandemic,” said CompSource Mutual President and CEO Jason Clark. “We are committed to being a reliable partner in our communities’ responses, which we first demonstrated earlier this month by implementing measures to help CompSource policyholders who are struggling financially to pay their premiums. This donation is the next step and supports our guiding principle to improve the communities in which we live and work. I am grateful to our leadership team for approving this vitally important assistance for three organizations who are working directly in support of first responders, medical professionals and affected families in our state.”

In Oklahoma City, the donation will be used to assist United Way organizations serving families and those impacted by COVID-19, including funding telehealth services for vulnerable populations through Variety Care, and rent and utility payment assistance through Upward Transitions.

“CompSource Mutual has been a reliable partner committed to addressing the needs in our community,” said United Way of Central Oklahoma President and CEO, Debby Hampton. “Their donation today will be thoughtfully distributed to United Way agencies on the front lines of the COVID-19 crisis. These agencies are helping address the full picture of the needs resulting from this crisis, from offering support for those dealing with stress or anxiety, to meeting practical, short-term financial needs for vulnerable populations.”

“Our COVID-19 fund was created to rapidly deploy resources to the trusted Tulsa organizations and nonprofits currently combatting this crisis,” said Alison Anthony, CEO of the Tulsa Area-United Way. “This effort would not be possible without the generosity of business leaders like CompSource Mutual.”

Tulsa Community Foundation’s CEO Phil Lakin, Jr. echoed a similar sentiment.

“The generosity of stakeholders like CompSource illustrates Oklahoma’s spirit of helping others and enhances the community’s ability to respond to those in need,” said Lakin, Jr.

With the OU Health Sciences Center, the donation will be used directly to provide food and shelter for medical personnel quarantined away from home.

“We’re grateful to CompSource Mutual for their generous support of our healthcare team to combat this pandemic,” said Dr. Dale Bratzler, Enterprise Chief Quality Officer of OU Medicine. “This donation will fund temporary housing and food for OU Medicine and OU Health Sciences Center team members living away from home to protect their families from potential exposure to COVID-19.”

About CompSource Mutual Insurance Company

For more than 80 years, Oklahoma businesses have partnered with CompSource Mutual as a reliable source for workers’ compensation insurance and is trusted for its financial stability, superior service, and innovative solutions. CompSource Mutual seeks to be the insurance carrier of choice within the business community by serving Oklahoma’s most valuable asset, its workers.