Is Worker's Compensation Insurance Required in Oregon?
The purpose of workers' compensation insurance, also known as "workers' comp," is to compensate employees who are hurt or become ill on the job. Injuries at work can be reduced or eliminated with the help of this system, which also ensures injured workers receive quality care and compensation, recover quickly and are back on the job as soon as possible. Most firms in Oregon are obliged to either carry workers' compensation insurance or be self-insured. Therefore, workers' compensation insurance is strongly recommended for any Oregon firm with employees. How worker's compensation insurance works The bulk of benefits workers receive if they are hurt on the job or develop an occupational disease are covered by the premiums employers pay to workers' compensation insurance providers. Laws enacted by the state government set the benefits that injured workers receive and who is eligible for them. The state of Oregon's Department of Consumer and Busin...