Oregon Business Insurance
Customized protection for your Oregon business
As a small business owner in Oregon, you should consider several types of business insurance to protect from a variety of risks related to your daily operations, business property and employees. Choosing to run a business in Oregon without business insurance could result in lawsuits and recovery costs that might be difficult to handle on your own.
Oregon reported 55,300 non-fatal workplace injuries in 2018, with nearly 86% of them from private sector businesses, according to the Bureau of Labor Statistics. Incidents like these can disrupt your business and threaten your cashflow and assets. Insurance can help minimize these problems.
Get business insurance through The Progressive Advantage® Business Program. We’ll help you customize an Oregon business insurance policy to your specific needs.
Types of OR business insurance
How much does business insurance cost in Oregon?
The cost of business insurance in Oregon depends on a variety of factors, including your business’s coverage needs, location and size. For example, a business in Portland can expect a different rate than a business in Medford, or a business with employees might pay more than one that doesn’t.
The most influential factor is your profession. Each business is rated on the exposures that are unique to their industry. For example, a general contractor usually oversees several projects and manages a variety of contractors. A handyman, on the other hand, typically works one job at a time and is only responsible for himself. In this situation, the handyman is considered to have less risk and will likely pay less for coverage.
Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for customized coverage.
Oregon business insurance requirements
Most business insurance coverages aren’t required by Oregon state law except for workers’ compensation. Any business that has employees is required to carry workers’ comp coverage and has the option to purchase coverage through a private insurance carrier.
While you’re not legally required to carry other business coverages, like general liability, in Oregon, you probably should. An unexpected accident can result in a claim that’s difficult to overcome without it.
Resources for Oregon small business owners:
Oregon professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Oregon cities
We can customize business insurance in all Oregon cities, including, but not limited to: