| |
Oregon Department of Consumer & Business Services announced on September 22, 2005, that the average pure premium rate Oregon employers will pay for workers’ compensation insurance in 2006 will remain unchanged from 2005. The pure premium rate is the base premium reflecting the actual cost of workplace injury and illness claims, before insurer’s administrative expenses and profit are added. This means that, on average, employers’ workers’ compensation premium costs for the year will remain flat.
At the same time, DCBS announced plans to reduce two state fees that pay for workers’ compensation and workplace safety programs, cutting costs for Oregon businesses by an estimated $33.4 million in 2006 alone.
Specific costs will vary from business to business, depending on a given employer’s industry, claims experience, workforce, and other factors.
|
Updated
