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Is Workers' Comp Required in Oregon?

Oregon Workers Compensation Requirements

    In the state of Oregon it is a requirement for all employers who employ one or more full or part time workers to carry Workers' Compensation Insurance.

    Sole Proprietors and Partners are excluded from coverage but may elect to be included. In the Construction Industry exempt partners are limited to 2 unless all partners are related family members ( parent, daughter, son, daughter-in-law, son-in-law, grandchild, spouse, sibling).

    Corporate Officers are included, but may elect to exclude themselves from coverage. Corporate officers do not have to be included if the serve on the board of directors and own at least 10 percent of the company stock.

    Construction Industry corporations are limited to 2 exempt officers except for family run operations who may be offered additional exemptions. There are also some exceptions for family run farms and timber operations.

    Most LLC Members are excluded from coverage, but have the option to be included.

    Bonuses, vacation pay, and profit sharing does not apply towards workers comp premium calculations.

Workers' Comp Exemptions in Oregon

    Sole Proprietors, Partners and LLC members if included for coverage must use an annual payroll of $52,400.

    Corporate Officers included in coverage must do so at an annual payroll of no less than $52,000.00 and no more than $208,000.00.

Oregon Workers' Comp Verification

    The state of Oregon provides a free online tool for verifying workers' compensation insurance coverage. Anyone can search by business name or FEIN. The results will show the name and address of the insured as well as the complete history of covered policies. Details include effective dates, expiration dates, insurance company, policy number, policyholder and information for claims processing.

    Oregon workers' compensation verification tool


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How is Workers Comp Calculated?

Workers' compensation is a commercial insurance product categorized as Property & Casualty insurance (P&C Insurance). Even though workers comp is calculated using estimated payroll wages and class codes, premium is still a separate business expense from the cost of payroll. Business owners may treat the cost of coverage as an expense on their taxes.

Work comp rates for all job classification codes are always expressed as a percentage of $100 in wages. An annual policy is always subject to an audit because it was based on estimated wages and not actual wages.

Here is an example using two class codes with different estimated payroll for each class code:

Class Code Insurance Companies Rate Per $100 Estimated Annual Payroll Divide Payroll by 100
8810 Clerical $0.28 base manual rate $25,000  (25000 divided by 100) 250
8835 Home Health Care $1.75 base manual rate $100,000  (100000 divided by 100) 1000

In order to calculate the cost of the policy you only need to multiply each rate with its divided payroll. It benefits employers to re-calculate their premium as their payroll becomes larger than originally anticipated.

Class Code Workers Comp Calculator Estimated Premium
8810 Clerical $0.28 X 250 $70.00
8835 Home Health Care $1.75 X 1000 $1,750.00
Workers' Compensation Laws Vary by State

Every state has their own rules for how employees must be covered and how they must be classified for rating premium. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in Oregon can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State Insurance Fund, is available for employers who are unable to find coverage from a private company. WorkersCompensationShop.com can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and previous insurance claims.

See Oregon workers' comp insurance rules

What is Covered in Oregon?

Oregon workers' compensation insurance helps pay claim expenses when an employee, or a covered sub-contractor, is injured while working for your business. It also shields your business from other legal liabilities associated with injured employees. Work comp coverage includes:

Medical Costs

Workers' comp insurance pays for the medical expenses associated with claims or injured workers. The cost of an ER visit, required surgeries and drug prescriptions are some of the covered expenses included under a policy. An employee injured due to a slip and fall would be covered, for example. Covered medical costs can also include longer term expenses such as physical therapy or rehabilitation.

Employee Wages

Most business owners can't afford to continue paying employees if they are unable to work while they are injured. Workers' compensation in Oregon will replace most of your employees missing income if they are away from work due to an injury or illness. For example, if a construction employee broke his arm and could not perform the job for 8 weeks, the coverage would make payments to the employee to help replace the lost wages.

Short-Term and Long-Term Disabilities

Sometimes an injury can cause a partial disability or a more permanent disability. Workers' compensation insurance steps in to help pay the cost of ongoing medical bills and may even replace a portion of wages lost due to the disability. If an employee had a finger amputated due to a work-related injury. The employee could be paid a sum for the loss of the finger for permanent disability as well as some temporary disability coverage while recuperating.

Occupational Illness

Some types of work environments can include occupational exposures that have unforeseen circumstances. A chemical mixing operation, for example, may expose employees to chemical irritants and cause harmful reactions that make them sick. A workers' comp policy would cover the cost of treating an illness caused while performing the job.

Funeral Expenses

Nearly 50,000 deaths happen at work each year. Many of these are in the construction and trucking industries. A workers' compensation policy is designed to cover the cost of these funerals and to provide death benefits to the employees family. State guidelines often determine the dollar amount of coverage.

Workers compensation coverage is a No-Fault system designed to prevent costly employee lawsuits related to on-the-job-injuries. Many state provisions include Exclusive Remedy rules that protect covered businesses from these lawsuits in exchange for providing workers' comp coverage for their employees.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in Oregon.

$O Deposit or Minimum Down

We've developed Pay As You Go workers compensation programs that reduce or eliminate premium deposits and allow Oregon employers to report and pay premium based on actual payroll wages. Protect your business from audits.

Lower Monthly Payments

We've negotiated special deals with many of our insurance partners. We offer more flexible payment options, like 12 equal installments plans and monthly reporting programs, to help improve cash flow for our business owners.

Tough Class Codes

We help Oregon employers with hard to place workers' compensation class codes. With a diverse line-up of insurance partners, we are able to shop your work comp coverage in order to find the best deals for your industry and business type.

Get Better Oregon Workers' Compensation Quotes

OR Workers' Comp Specialists

Rates on Workers' Compensation Insurance in the state of Oregon are very good. On average they are 26 percent lower than the national average. These rates have decreased by 10 percent since 2016. Even though employers enjoy such great rates many businesses are still not taking advantage of everything available to them to get the most out of their work comp policy.

Help with OR Class Codes

Insurance rates vary significantly between NCCI classification codes. Let our Oregon Workers Compensation Specialists help you determine your correct workers compensation classification codes before you buy a policy. We'll help make sure your business is properly covered at the very best price and lowest insurance rates.

Fast Workers' Comp Quotes

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

Compare Rates With More Carriers

We're a National Agency, and we have tons of carriers offering work comp in Oregon. We have access to over 35 insurance companies with a diverse appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.

THE RIGHT QUOTE MAKES A DIFFERENCE.

A BETTER WAY TO BUY
WORKERS' COMPENSATION INSURANCE

Did you know that the cost of a workers comp policy in Oregon can vary significantly between insurance company, underwriter, and insurance agency?
Find the best deal on workers compensation insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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