OR Workers Comp
Class Codes (By Number With Description)

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OR workers comp class codes are four digit numbers assigned by The National Council on Compensation Insurance (NCCI). Oregon workers compensation classification codes contain your industries injury rates & are used to determine your base premium cost.

Oregon Workers Compensation Classification Codes

OR Workers Comp Class Codes

So what are OR workers com class codes? Oregon Department of Insurance uses workers compensation classification codes created by the National Council on Compensation Insurance (NCCI), an organization that according to them: "gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations."

According to WikipediA: The NCCI annually collects data covering more than four million workers compensation claims and two million policies. The bureau uses this information to provide:

For example, for a roofer, tree trimmer, or demolition company, the cost could be $17 per $100 in payroll, or even higher. On the other hand, the cost to cover a attorney, accountant or real estate agent could be under $0.20 per $100 of their payroll. So, for an employee that earns $40,000 a year, a blue collar contracting company could pay around $6800, where a white collar business may pay just $80. It all depends on the risk or injury associated with the code.

Workers Compensation Insurance Information

According to the Oregon Workers' Compensation Board (WCB), Oregon requires most employers to carry workers’ compensation insurance for their employees. If you employ workers in Oregon, you probably need workers’ compensation coverage.

As with most no-fault insurance, workers' compensation is fair only if it applies to all workers and employers. Today, Oregon requires most employers to carry workers compensation insurance for their employees. If you employ workers in Oregon, you probably need workers comp coverage.

Workers' compensation benefits can include partial wage replacement, payment of medical treatment and restoring the injured worker to suitable employment.

If an employee's death occurs as a result of the injury, a lump sum payment is made to the employee's estate, from which burial expenses are to be paid. The amount of the lump sum payment changes annually. Income benefits are also extended to the surviving spouse and other dependents."

For more info including coverages and cost you can check out this article on: workers compensation insurance.

OR Workers Compensation Classification Codes List

OR workers comp class codes - some of the most searched class codes are:

... because the cost for workers comp base premiums are lower in these classes than most others.

Following is a list of the OR workers comp class codes. Both the code and class description are listed in numerical order:

Workers Comp Insurance Articles

If you are looking for more information on workers compensation: Oregon Workers Compensation For Restaurants.

Further Reading On Worker's Comp Insurance

OR Worker's Comp Insurance Quotes

Oregon Insurance

Request a Worker's Comp Insurance quote in Albany, Ashland, Baker City, Beaverton, Bend, Canby, Central Point, Coos Bay, Cornelius, Corvallis, Cottage Grove, Dallas, Damascus, Eugene, Forest Grove, Gladstone, Grants Pass, Gresham, Happy Valley, Hermiston, Hillsboro, Keizer, Klamath Falls, La Grande, Lake Oswego, Lebanon, McMinnville, Medford, Milwaukie, Monmouth, Newberg, Newport, North Bend, Ontario, Oregon City, Pendleton, Portland, Redmond, Roseburg, Salem, Sandy, Sherwood, Springfield, St. Helens, The Dalles, Tigard, Troutdale, Tualatin, West Linn, Wilsonville, Woodburn and all other cities in OR.

Insurance Regulations In Orgeon

Let's take a look at insurance in Oregon. There are definitely some state regulations that govern insurance in the state of Oregon. You should become familiar with what these regulations are, even if they do not necessarily apply to you.

You will be much better informed about insurance if you know what types of insurance businesses are required by law and what types they normally get regardless of law. You also may want to know the regulations governing personal insurance such as automobile insurance and life insurance. Let's take a closer look at OR insurance regulations.

Oregon Business Insurance

The first type of insurance that we will start with is business insurance. Specifically, we will be discussing general liability insurance. Commercial liability, sometimes called general liability, is a type of insurance that protects your business in case someone slips and falls on your floor or experiences roofing materials falling on their car that does damage. There are many other situations in which general liability insurance may kick in.

There are also some types of insurance that are mandated by law including Worker's Compensation insurance for any company that has one or more people working for them full-time or part-time.

Oregon does not have any laws stipulating that companies must carry disability insurance like in many states, but if there are vehicles being used for commercial purposes, then they must carry commercial auto insurance.

OR Personal Insurance

There are definitely some regulations that govern the auto insurance that normal motorists are required to carry on their vehicle. These are pretty standard across the states and match what is required in most. In Oregon, you are required to carry $25,000 per person for bodily injury and $50,000 per accident for the same. Property damage is a little higher than you will find in other states at $20,000 per accident and there is also an additional requirement that requires a personal injury protection amount of $15,000 per person.

Finally, there are regulations governing life insurance in Oregon as well. Unlike most states, there is no free look period for life insurance. However, there is the normal grace period Of 30 days when it comes to late payments. Lastly, insurance companies are required to make payment within 30 days of receiving notification of the death described in the policy. If they do not make payment within 30 days then the person that is the beneficiary of the policy may receive interest as well.


Workers Compensation Insurance Class Codes

If you are looking for state specific Workers Comp Insurance class codes, costs and information: California Workers Comp Class Codes, Colorado Workers Comp Class Codes, Delaware Workers Comp Class Codes, Florida Workers Comp Class Codes, Illinois Workers Comp Class Codes,Florida Workers Comp Class Codes, New Jersey Workers Comp Class Codes, New York Workers Comp Class Codes, Oregon Workers Comp Class Codes, Pennsylvania Workers Comp Class Codes, Texas Workers Comp Class Codes.

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