Oregon Workers Comp Information
Find the latest news and information about Oregon workers compensation insurance.
In Oregon, the rates on different class codes vary considerably between insurance companies. This makes it very important for employers to shop their policy with as many carriers as possible. The state of oregon recommends employers to shop their coverage with independent agencies who can offer quotes from 3 or more providers. We partner with more than 15 providers. This gives us a distinct advantage not many agencies have. We can give your business options from more providers and in turn find you better coverage at better rates.
The Department of Insurance allows insurance companies to issue credits and debits on policies up to 25%. If you are not shopping your coverage you could be missing out on huge discounts.
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About Workers Compensation in Oregon
Oregon Dept. of Consumer and Business Services
Workers' Compensation Division
350 Winter St NE, Rm 27
PO Box 14480
Calem, OR 97309-0405
Oregon State Accident Insurance Fund (SAIF)
SAIF is a not-for-profit, state-chartered workers’ compensation company. They aim to make workers’ compensation insurance affordable and available to the employers of Oregon and strengthen the Oregon economy by helping to keep workers’ compensation insurance costs low. All while keeping the workplace safe for the worker's of Oregon.
What is Workers' Compensation?
The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.
How does workers comp help my business?
Your business benefits by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee.
How does workers comp help my employee?
Employees benefit from workers comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.
More Programs and Options
We're always working with our insurance carriers to develop specialized programs for a broad range of industry class codes. Our Target Programs are designed to streamline the underwriting process and help ensure we offer the lowest rates available anywhere.
- Home Healthcare
- Janitorial Services
- And More
Workers Compensation Help?
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Coverage
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
OR Work Comp Compliance
Strict Penalties for Noncompliance
Employers that do not purchase workers compensation will likely receive a notice of non-compliance from the Oregon Division of Workers Compensation. The penalty for the first offense is two times the amount of premium (minimum $1000). Employers are also liable for the cost of any claims and an additional $250 per day without coverage.
Let Workers Compensation Shop.com help your business navigate workers comp insurance in Oregon.
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