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Thu Sep 14, 2017, 02:05 AM

Oregon workers comp rates to drop for fifth straight year

SALEM, Ore. - Oregon employers will see a key portion of their workers' compensation costs drop by an average of 14 percent in 2018, the state Department of Consumer and Business Services announced Monday.

This marks the fifth year in a row that businesses will experience an average decrease in the "pure premium." Altogether, the rate has declined by an average of 33 percent since 2013.

Next year's average decrease in pure premium -- the portion of the premium employers pay insurers to cover claims costs for job-related injuries and deaths -- is part of a package of rates designed to maintain workplace safety and health programs while preserving historically low costs.

Read more: http://www.ktvz.com/news/oregon-workers-comp-rates-to-drop-for-fifth-straight-year/619330416

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