The pure premium rate for workers' compensation insurance in Oregon will drop by almost six percent in 2009, the Oregon Department of Consumer and Business Services (DCBS) announced today.
Oregon employers can expect a 5.9 percent decrease, on average, in pure premium in 2009; however some will see rates go up and others will see no change.
In the past 19 years the workers' compensation rate has dropped approximately 62 percent, which has saved Oregon employers a total of $16.4 billion and made Oregon more competitive economically.
The reduction reflects a successful effort to make Oregon workplaces safer. Since 2004 workplace injuries have dropped more than 10 percent.
The pure premium rate is the base rate employers pay for workers' compensation insurance coverage. It is set by DCBS, based on a recommendation from the National Council on Compensation Insurance (NCCI).
Read the DCBS news release
View the pure premium rate history