Business Insurance in Oregon FAQ - Quick Answers

Every Oregon business will have different insurance premiums based on its unique risk factors. However, here are some items carriers use when rating your commercial insurance policies:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

While most business insurance policies are more for protecting your company than a legal requirement, there are some you may be required to obtain. In Oregon, if you have one employee or more, workers' compensation insurance is required. The same goes for commercial auto insurance for any company-owned vehicle. 

In Oregon, business insurance comes in many forms depending on your daily operations. Here are some policies that could apply to your business:

In Oregon, your primary policy is general liability insurance and it protects your business in the following manner:

Health coverage can be offered voluntarily by businesses with fewer than 50 employees in Oregon. If you're looking for superior health insurance for your staff at a lower rate, consult with an independent insurance agent for free.

In Oregon, Travelers, Progressive, Hiscox, and Hanover are rated among the best insurance companies for businesses. This is because of their superior coverage offerings and excellent customer care.

Do You Know What Your Business Insurance Covers in Oregon?

Find Business Insurance in Oregon

National Business Insurance Stats

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Albany3,0572.331.76
Beaverton8,5031.852.02
Bend11,6901.341.05
Corvallis3,9103.161.19
Eugene15,5555.573.49
Gresham6,7293.689.42
Hillsboro5,8691.581.9
Lake Oswego5,3531.381.15
Medford7,1295.694.34
Portland75,5836.349.71
Salem12,3413.874.79
Springfield3,6442.662.66
  • Portland, OR
  • Business Insurance Common Coverage Options
  • Property: The crime rate in Portland is one of the highest in the state. You can shield your business from losses caused by embezzlement, shoplifting, and looting with a solid business insurance policy.
  • Commercial Auto: Your business is required to have commercial auto insurance if it owns a vehicle or a fleet of vehicles. Rates are based on several factors like the types of vehicles you are covering and information about the employees who will be driving them. Large trucks and construction vehicles cost more to insure than cars and cargo vans, since they can cause a great deal more damage if involved in an accident.
  • Workers’ Compensation: Covers the cost of medical treatment, lost wages, and other expenses related to injuries or illnesses employees suffer because of doing their jobs. It is required for all Oregon businesses that have at least one employee. Workers' compensation rates are assigned according to your company’s overall payroll and the types of jobs your employees do.


  • Salem, OR
  • Business Insurance Common Coverage Options
  • Property: In addition to losses caused by property crimes like theft and arson, severe weather events like electrical storms and high winds can lead to expensive losses if you do not have sufficient business insurance. Your commercial property insurance can cover the costs to repair or replace your business property if it is damaged or lost due to a covered event.
  • Commercial Auto: Whether you are insuring a delivery van or a fleet of 18-wheelers, commercial auto insurance can cover costs associated with liability risks and damage to your company vehicles. This insurance is required for company-owned vehicles in this state. If your vehicles are driven over state lines, you will need to be sure that your policy meets federal, as well as state, minimum coverage requirements. 
  • Workers’ Compensation: Is required if your Salem business has at least one employee. This insurance can cover medical treatment, lost wages, and other costs associated with workplace injuries and occupational illnesses. Every workplace has unique risks and hazards for its workers, which is why workers' compensation rates can vary significantly from one business to the next.


  • Eugene, OR
  • Business Insurance Common Coverage Options
  • Property: Having a sufficient amount of business property insurance can shield your company from losses related to hazards like accidental fires, property crimes, and severe weather events like high winds and electrical storms. 
  • Commercial Auto: If your Eugene business owns a vehicle or fleet of vehicles, you will be required by state law to carry commercial auto insurance. This insurance can cover your company against its increased risks of expensive liability lawsuits if one of your drivers causes a collision. Rates for coverage can vary according to the number and types of vehicles you are covering, as well as the accident rate in the areas where your employees will be driving.
  • Workers’ Compensation: Covers medical expenses and paid time off for employees who are injured on the job. If your Eugene business has at least one employee, you are required by state law to have this insurance. Rates for coverage can vary significantly from one business to the next, depending on the types of jobs your employees do and your company’s overall payroll.


  • Gresham, OR
  • Business Insurance Common Coverage Options
  • Property: As a business owner, you have invested a lot in your company’s assets such as computers, furniture, inventory, and supplies. Commercial property insurance can help cover the cost of repairing or replacing this property if it is lost or damaged due to a covered event such severe weather or crime. 
  • Commercial Auto: Many businesses in Gresham have company-owned vehicles. From company cars to delivery vans to large trucks, if your company owns vehicles, they must be covered by a commercial auto insurance policy that meets or exceeds the state’s minimum coverage requirements. If these vehicles are used for interstate commerce, they must meet federal requirements as well.
  • Workers’ Compensation: Covers medical bills and lost wages for workers who suffer occupational illnesses or are injured while doing their jobs. It is required for Oregon businesses that have at least one employee. Rates are assigned according to your company’s payroll and the types of jobs your workers do.


  • Hillsboro, OR
  • Business Insurance Common Coverage Options
  • Property: You will want to be sure that your policy adequately covers all of your business property so that if it is destroyed by a disaster like fire or an explosion, your business can easily afford to replace it and get back to normal operations quickly. Sometimes this means adding additional coverage such as inland marine insurance or boiler & machinery insurance. 
  • Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you will be required by state law to cover them with commercial auto insurance. Your rates will be based on several factors, including the number and types of vehicles you are covering, information about the employees who will be driving them, and the risk of collisions and auto theft where they will be operated.
  • Workers’ Compensation: Can cover medical bills and lost wages for workers who come down with occupational illnesses or are injured on the job. Rates are based on your company’s overall payroll and the potential risks faced by your employees according to their job classifications.