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?

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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