Workers' comp costs fall over time

| Print |  Email
Articles - November 2010
Thursday, October 21, 2010

1110_ATS14

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.

BRANDON SAWYER
 

More Articles

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

7 industry trends of 2015

The Latest
Friday, January 09, 2015
covertrends15-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Industry groups identify top trends for 2015.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

The city as startup

Guest Blog
Wednesday, January 14, 2015
011415 citystartup-thumbBY NISHANT BHAJARIA | OP-ED CONTRIBUTOR

Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.


Read more...

Tackling the CEO-worker pay gap

January-Powerbook 2015
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF

An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS