2016 Oregon Workers’ Compensation Premium Rate Ranking Summary

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2016 Oregon Workers’ Compensation Premium Rate Ranking Summary

Oregon employers in the voluntary market pay, on average, the seventh lowest workers’ compensation premium rates in the nation. Oregon’s rates are 31 percent below those of the median state in the study.

Premium rate indices are calculated based on data from 51 jurisdictions, for rates in effect as of Jan. 1, 2016. The 2016 median value is $1.84, which is a drop of less than 1 percent from the $1.85 median of the 2014 study. Oregon’s premium rate index is $1.28 per $100 of payroll, or 69 percent of the national median. National premium rate indices range from a low of $0.89 in North Dakota, to a high of $3.24 in California. There were 21 states that had an index rate that was within plus or minus 10 percent of this benchmark value. In the upper part of the rate distribution, 12 states had index rates higher than 110 percent of the median, while 18 states were below 90 percent of the median.

 

 

 

 

 

 

 

 

 

 

 

This information in this report is in the public domain and may be reprinted without permission. Visit the DCBS website: http://dcbs.oregon.gov.

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2017-11-28T13:38:37+00:00