Salem, OR – The final, detailed report of Oregon’s 2012 Workers’ Compensation Premium Rate Ranking Study was recently released by the Department of Consumer and Business Services.
The results suggest that Oregon employers in the voluntary market pay, on average, the 39th highest workers’ compensation premium rates in the nation. Oregon’s premium rate index is $1.58 per $100 of payroll. National premium rate indices range from a low of $1.01 per $100 of payroll in North Dakota to a high of $3.01 in Alaska.
Tracking the longer-term trends, the national median rate index peaked in 1994 at $4.35 and reached a low point in 2000 at $2.26. After increasing in 2002 and 2004, it decreased to $2.48 per $100 of payroll in 2006, $2.26 in 2008, and $2.04 in 2010. For 2012 it has continued its decrease, now to $1.88, which is the all-time low.
Oregon’s rate index increased 1 percent to 16 percent below the national median in 2012.
The report is available here: Oregon 2012 Workers’ Compensation Premium Rate Ranking Study (PDF)
Source: OR DCBS