Oregon employers on average would pay less for workers’ compensation coverage in 2023 when a 10th consecutive rate decrease takes effect, the Department of Consumer and Business Services announced Tuesday.
DCBS said employers would pay an average of 93 cents per $100 of payroll for comp coverage next year, down from 97 cents in 2022.
The agency said the 3.2% average pure premium reduction would result in a cumulative 49% drop since 2014.
“The reduction in costs is due to an improvement in loss experience and loss development patterns in Oregon, according to the National Council ...
Comments