|Workers' comp costs fall over time||| Print ||
|Articles - November 2010|
The cost of workers’ compensation insurance for most Oregon employers will remain flat in 2011, according to the Department of Consumer and Business Services (DCBS), which sets those rates for every industry in the state. Average pure premiums will fall 1.8%, but because reduced payrolls have lowered department revenue, the premium assessment to fund workers’ comp and workplace safety programs will rise 1.8 percentage points. Premiums have fallen largely due to a 58% drop in the rate of workplace injuries since the 1980s. In 1990, major reforms were put in place, including an innovative return-to-work program, the state workplace safety program (Oregon OSHA) and a dispute resolution process. Almost 20 years later in 2008, Oregon’s rates were 13th-lowest in the U.S. While DCBS sets rates, employers can purchase workers’ comp coverage from private insurers or SAIF Corp., a not-for-profit, state-chartered company that issues nearly half the state’s policies. About 15% of employers elect to self-insure.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.