Workers’ Comp Basics
- Oregon law requires it: Protect yourself and your employees from unexpected costs and potential lawsuits.
- Covers: Medical bills, lost wages during recovery, and other necessary benefits for worker injuries.
How Your Rates are Calculated
- Industry matters: Your business type is assigned a class code (e.g., construction has higher risk than office work).
- Your history counts: Safer workplaces generally get lower rates and might qualify for an Experience Rating Modification (ER Mod) discount.
- SAIF and other factors: Rate tiers, group programs, and Oregon regulations all influence premiums.
You Can Control Your Costs – Here’s How:
- Safety is key: Prevent accidents with training, hazard reduction, and good hiring practices.
- Fast action on claims: Assist injured workers back to appropriate work quickly.
- Partner with Prineville Insurance: We’ll explain your rates and help you find ways to save.
Why Focusing on Rates Matters
- Lower insurance premiums
- Improved safety culture builds a stronger business
- Potential for financial rebates and rewards
Prineville Insurance: Demystifying Workers’ Comp Costs
Confused about your bill or how to lower it? Let’s talk