Workers Compensation in Oregon

Workers' compensation insurance is an important type of business insurance you need to have if your company employs full-time workers. We offer workers compensation coverage in Oregon at Choice One Insurance Inc. Those who are running a business in Clackamas, OR can rely on us for quality commercial insurance products.

What is Workers' Compensation?

It's important that you understand workers' compensation thoroughly before you select a policy. It's also important that you understand the legal requirements you need to meet as an employer.

Workers' compensation insurance is important because it serves as a form of financial protection for workers who become injured while performing their job functions. Most states generally require employers to purchase coverage for medical expenses and lost earnings due to workplace injuries.

Your worker's compensation insurance expenses could end up being the most significant expense you pay for commercial insurance coverage for your company.

Steps to purchasing a workers' compensation insurance policy

Learn the rules

You need to understand the requirements your worker's compensation policy must meet. Consult your state's Department of Labor to learn more.

Classify employees and estimate payroll

Workers' compensation expenses are calculated in part by the type of work employees perform. Therefore, you need to figure out the class code for each of your employee job roles.

Workers' compensation expenses are also calculated per employee, depending on how many individual employees earn. Therefore, payroll estimations are part of workers' compensation expense calculations.

Compare costs

You need quality coverage that you and your employees can rely on. However, you also want to minimize costs where possible. Therefore, you can compare insurance costs between various providers.

Getting in touch with Choice One Insurance Inc.

We can help you meet your worker's compensation insurance needs at Choice One Insurance Inc. Get in touch with us to learn more about the insurance offerings of our company in Clackamas, OR. We're here to help business owners in Oregon meet their insurance needs.