Workers' Compensation Insurance
Workers' compensation insurance is designed to protect workers who are hurt on the job. Oregon law requires all employers to insure their employees with the purchase of such insurance. There are over 200 insurance companies providing workers' compensation insurance in Oregon.
For information on workers compensation insurance, visit the Oregon Workers' Compensation Division:
http://www.cbs.state.or.us/external/wcd/
Update: Workers' compensation insurance rate reduced for 2008.
The State of Oregon will reduce the workers' compensation "pure" premium rate by 2.3 percent for 2008, Governor Ted Kulongoski announced September 18, 2007.
This is Oregon's eighteen consecutive year without a rate increase. The department also announced that two workers' compensation fees that pay for workers' compensation and workplace safety programs will remain unchanged in 2008.
| Workers' Compensation Rate comparison( as of January 2006) | |
| National median rate per $100 Payroll (2006) | $2.48 |
| Oregon average rate per $100 Payroll (2006) | $1.97 |
| Maximum Weekly Benefit (2007-2008) | $1006.54 |
Specific cost changes will vary from business to business, depending on a given employer's industry, claims experience, work force and other factors. (Source: Oregon Department of Consumer, Business & Services)
Small Business Ombudsman - Workers' compensation information
http://www.oregon.gov/DCBS/SBO/index.shtml
Workers' compensation rate information
http://www.oregon.gov/DCBS/premium.shtml
Workers' Compensation Rate Q&As
http://egov.oregon.gov/DCBS/docs/feature_stories/wc_rate_2008/WC_rate_q_a_2008.pdf
Workers' Compensation Rate Fact Sheet
http://egov.oregon.gov/DCBS/docs/feature_stories/wc_rate_2008/WC_rate_factsheet_2008.pdf
Unemployment insurance benefits are designed to provide temporary financial aid to unemployed workers who meet the eligibility requirements of State law. States administer their own unemployment insurance programs under the umbrella of Federal guidelines. Information on the State of Oregon's specific unemployment program is available at www.employment.oregon.gov.
For information on unemployment insurance, visit the US Department of Labor Employment and Training Administration:
http://www.workforcesecurity.doleta.gov/unemploy/
| Unemploymnet Insurance (2007) | |
| Taxable Base | $29,000 |
| Statutory Amount for New Employers | 2.4% |
| Maximum Weekly Benefit | $463 |
